ETH/USDT – Key Levels to Watch for Possible Profits 🎯
Current Price: $3,214.57
The ETH/USDT pair is currently trading at $3,214.57, showing a 4.56% decrease. Let’s take a look at the key levels for a potential trade setup:
Target 1: $3,235.16 A potential rebound could take the price up to $3,235.16, which is the first resistance level to watch. This could be an opportunity to take profits if the price holds.
Target 2: $3,292.52 If ETH pushes higher, the next key resistance is $3,292.52. This level provides another chance to secure profits if the trend continues upward.
Target 3: $3,349.88 For a larger upside target, $3,349.88 serves as the next major resistance. If momentum strengthens, this is the level to target for further gains.
Stop Limit: $3,206.48 Place a stop loss at $3,206.48 to manage risk in case the price breaks below the support and heads lower.
Pro Tip: Monitor the price action closely, especially around resistance levels. If the price fails to break through $3,235.16, it could indicate a potential reversal. Be ready to adjust your stop loss or exit strategy based on price movement.
Bitcoin dropped to the lower support area as expected. The price took the liquidity from the lower support area and surged from there. BTC needs to hold the $59,000-$60,000 support zone at all costs; otherwise, we might see a heavy dump. #BTC☀ #ETH_ETFs_Approval_Predictions #Marketupdate #aPharmacist
ETH is currently testing a major support area. The price needs to hold the support area to remain positive. There is selling pressure from Grayscale after the approval of the spot ETF, similar to what we experienced when the BTC spot ETF was launched. It may be a good idea to accumulate some ETH around the support area.
Bitcoin encountered strong resistance and faced a price drop due to the US Dollar Index's significant strength yesterday. Gold and Silver also experienced substantial declines. Currently, BTC is holding steady at the $69,000 level. We need to monitor if the price maintains its position above this level. A break below $69,000 would be considered bearish and could push the price towards the $64,000-$65,000 range. $BTC #BTC☀ #Bitcoin❗ #writetoearn #Marketupdate #aPharmacist
SUI broke out of the small falling wedge pattern, indicating a bullish signal. Consider opening a long position on a retest of the support area, as we anticipate a move towards the next resistance area in the coming days.
Bitcoin has broken the $70,000 level and is now testing the major resistance area, signalling a heated market for the next big move. An FOMO pump is expected after BTC breaks above the $72,500-$73,000 area.
Price is currently trading within a triangle pattern, and we are approaching a crucial decision point. The breakout of this triangle pattern will determine the next market movement. A breakout in the upward direction will likely push the price towards the next resistance area. Consider opening a small long position at the support area with a tight stop loss.
Bitcoin was unable to hold the $69,000 level and the price dropped to the support area. Currently, BTC is testing the $67,000 level and it needs to hold this level; otherwise, we may see a continuation of the downtrend. The next support area is between $64,500 and $65,200, and the resistance area is between $69,000 and $70,000. #BTC #buythedip #BitcoinUpdate #writetoearn #aPharmacist
Price is trading in a narrow range and has been rejected from the resistance area. A move towards the support area is expected, providing an opportunity to open a long position.
The price has broken out of the trading range and is now approaching the resistance area. This is not a good time to trade, so it's better to wait for a better setup.
Bitcoin is currently retesting the $69,000-$70,000 range, and the price is holding at this level. A break below $69,000 may lead to a sell-off in the market. Keep an eye on the support level. The next major resistance area is $72,000-$73,500. #BTC #bitcoin #aPharmacist #writetoearn
The altcoin market cap (TOTAL2) is currently testing the downtrend resistance line. If TOTAL2 manages to break above this resistance line, we could see a strong rally in altcoins. If BTC doesn't experience a sudden drop, then we can expect significant movement in altcoins.
Bitcoin is continuing its upward movement and slowly approaching the resistance area. There may be some action when the US markets open. The support and resistance levels remain the same. #BTC #bitcoin #writetoearn #aPharmacist
Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon. #BTC #Marketupdate #aPharmacist
Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon. #BTC #Marketupdate #aPharmacist
JUP is slowly approaching the resistance area. Let's observe how the price reacts when it reaches the resistance area. Only consider opening long positions if the price breaks and closes above the resistance area.
Bitcoin is slowly gaining momentum and may see some sideways movement over the weekend. To remain bullish, the price needs to break above the resistance area, while the support area remains the same.