Coin - $ETH
Signal - LONG
Ethereum is showing strong performance today, reaching up to $2,740 with impressive trading volume. This level aligns with a key resistance and the Value Area High (VAH), making it a critical zone to watch. If ETH manages to close a candle above $2,740, it would confirm a breakout, potentially setting the stage for a rally toward the $3,200 level. With bullish momentum building, today presents a promising setup for long traders. Keep an eye on price action — a confirmed breakout could offer significant upside in the days ahead.
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USDT Dominance (USDT.D) has been rejected from its trend resistance, signaling a potential shift in market sentiment. As money flows out of stablecoins and into other cryptocurrencies, this indicates growing risk appetite among investors. With USDT.D potentially heading down to 3.71%, it's a strong sign that capital is rotating back into the market. This presents a favorable opportunity to consider spot entries and opening long positions, as altcoins and Bitcoin could see a notable upside in the coming sessions.
Trade setup :
Entry : 2660
Stop loss : 2580
Target : 2820
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