$ETH /USDT Analysis: Consolidation Near Key Level
🔍 Price Overview:
Current Price: $3399.74 (+0.03%)
Ethereum is consolidating near $3400, a potential pivot zone for the next trend direction.
💡 Trade Setup:
Entry Zone:
Long Position: Above $3405 (Bullish confirmation)
Short Position: Below $3390 (Bearish breakdown)
Targets:
Long Target 1: $3420
Long Target 2: $3440
Short Target: $3365
Stop Loss:
Long: $3385
Short: $3410
📉 Observation: Monitor for volume and price action confirmation near $3400. A breakout above could lead to a bullish continuation, while a breakdown may signal further downside.
🚨 Strategy:
Look for a breakout above $3405 to enter a long position.
Short if $3390 support breaks convincingly.
