$ETH /USDT has experienced a notable surge,

Reaching a high of $4,385.73 before encountering resistance. Currently trading at $4,292.56, ETH faces support around $4,236 and resistance near $4,385. A decisive break above $4,385 could pave the way for further gains, while a drop below $4,236 may indicate a bearish reversal.

Fibonacci Levels:

ETH is currently testing the 76.4% Fibonacci retracement level from the recent rally. This zone, between $4,170 and $4,236, serves as a critical support area. A bounce from this level could lead to a retest of the previous high at $4,385. Conversely, a breakdown below $4,170 may open the door to deeper retracements.

RSI:

The Relative Strength Index (RSI) is currently at 66.86, indicating that ETH is approaching overbought territory. While not yet in the overbought zone, caution is advised as the price approaches key resistance levels.

Entry Zones:

Safer Entry: Consider entering near the $4,236 support level, with a stop-loss just below $4,170.

Aggressive Entry: A breakout above $4,385 with strong volume could provide an opportunity for aggressive entries, targeting higher resistance levels.

Take-Profit Zones:

TP1: $4,500

TP2: $4,800

Stop-Loss Ideas:

Conservative: Place a stop-loss below $4,170 to account for potential volatility.

Tight: For aggressive traders, a stop-loss just below $4,236 may suffice, but this comes with increased risk.