📈Currently, ETH is in an uptrend. The price is trading in a range between the resistance level of $3500 and the support level of $3200.
↗️Key levels:
• Resistance: $3500
• Support: $3200
📈Current trade:
• Risk/Reward ratio: 1:3
• Stop-loss: $3199 (below the support level)
• Take-profit: $3499
🚀The main goal at the moment is to break through the resistance level of $3500. In case of a successful breakout and consolidation above, further growth towards $3700 can be expected.
It is recommended to monitor the volumes at the resistance level — their increase may signal buyers' readiness to break the current range. In case of a breakout above $3500, consider the possibility of increasing the position on the retest of the level‼️
