$ETH Just Spiked—Watch for Breakout or Reversal
ETH/USDT is trading at $1,809.32, currently up +2.42%. After a sharp surge to $1,814.23, the price has found resistance at this level. Volume is healthy, indicating strong buyer interest, but confirmation of a breakout or pullback is necessary.
Key Levels to Watch:
• Resistance: $1,814.23 – A breakout above this could extend the move toward $1,820.00 and $1,840.00.
• Support: $1,805.00 – If price falls below this, we may see a deeper pullback to $1,790.00 and $1,770.00.
Trade Setup – Monitor for Key Confirmation
Bullish Scenario:
• Entry: On confirmed breakout above $1,814.23
• TP1: $1,820.00
• TP2: $1,840.00
Bearish Scenario:
• Entry: On breakdown below $1,805.00
• TP1: $1,790.00
• TP2: $1,770.00
Stop-Loss: Use tight stop-losses to manage risk, placing them just below support or above resistance.