ETHEREUM SHOWS STRONG BULLISH MOVEMENT. CAN IT SUSTAIN THE UPSWING?
Currently trading at $3,504.52, Ethereum has gained 5.05% in the last 24 hours, signaling a strong bullish trend. The price is quickly approaching key resistance levels, and with momentum building, ETH could be gearing up for another major breakout.
Key Support & Resistance Levels ETH has found solid support at $3,400, and breaking through the resistance at $3,600 could push the price towards new highs. Analysts are eyeing the $3,800 level as a potential target in the short term.
Price Targets If ETH manages to hold above the $3,400 support and breaks through resistance at $3,600, it could see rapid price action toward $3,800 and potentially even $4,000 in the near future.
Watch for Corrections Though the market is currently bullish, keep an eye on possible pullbacks to $3,400 or even $3,200. A solid bounce from these levels would confirm continued upward momentum.
📝 Market Insight: $FXS has seen a strong surge of 27.55% in the last 24 hours, indicating an ongoing bullish trend. The price is holding above the key support level at $2.90, and with resistance at $3.20, a breakout could lead to further gains toward $3.50.
💡 Strategy Recommendation:
Enter near the current levels for a potential long trade.
Secure partial profits at TP1, and hold for TP2 if upward momentum continues.
Set your stop-loss below the support level to manage risks.
📢 Pro Tip: Ensure you have a solid risk management strategy in place as price action may fluctuate before the breakout.