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Ethereum (ETH/USDT) Technical Analysis
$ETH
is on a bullish trajectory, currently trading at $2,840.51. With strong momentum and high trading volume, it’s primed for significant price action. Let’s break down the potential targets:
🎯 Target 1: $2,880
Key Resistance Level
Already tested as a 24h high. If ETH breaks above this level, it could signal a strong continuation of the upward trend.
🎯 Target 2: $3,000
Psychological Resistance
Breaking $3,000 could spark increased FOMO, potentially attracting more buyers and pushing prices higher.
🎯 Target 3: $3,200
Next Major Resistance
ETH could consolidate around this level, with potential for profit-taking. A break above could lead to new highs.
Indicators to Watch:
SAR (Stop and Reverse): $2,445.10 – Bullish support
Volume: $2.48B – High activity strengthens the trend
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