🚨 Technical Analysis for $ETH /USDT 📈

Current Price: $3,515.09 (+3.56%)

24h High: $3,547.95

24h Low: $3,393.51

Key Levels:

1. Target 1: $3,555

Immediate resistance observed; a breakout could signal strong bullish momentum.

2. Target 2: $3,600

Next major resistance, aligned with previous swing highs.

3. Target 3: $3,700

Long-term bullish target contingent on sustained buying pressure and market sentiment.

Action Plan:

Short-Term Traders:

Secure partial gains near $3,555 if the price struggles to break through resistance.

Place stop-loss below $3,500 to protect against pullbacks.

Swing Traders:

Watch for sustained volume above $3,555 to target $3,600.

Trailing stop-loss recommended near $3,480 to lock in profits.

Indicators to Monitor:

Volume: An increase in buying activity will confirm bullish continuation.

RSI: Ensure overbought levels are not reached before taking new positions.

Moving Averages: A bullish crossover could provide further confirmation.

Summary:

ETH/USDT is showing signs of bullish momentum as it approaches a critical resistance level. Traders are advised to manage risk carefully and monitor for breakout confirmation before targeting higher levels.

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