$ETH /USDT – Surging Past $2.35K with Bullish Power!
Momentum Analysis:
Ethereum is trading at $2,351.03 (+20.21%), breaking above recent resistance with rising strength on the Layer 1 sector lead. A massive 2.17M ETH / $4.82B USDT 24h volume confirms broad interest and institutional activity.
Long Setup:
Entry Zone: $2,195 – $2,360
Targets:
T1: $2,490
T2: $2,620
T3: $2,740
Stop Loss: $2,025
Breakout Confirmation Level: $2,490
Key Support: $2,195
Pro Tip for Traders:
If ETH holds above $2,360 on a 4H close, momentum could accelerate toward $2,600+. Watch BTC/USDT correlation and ETH dominance for sustained upside cues.
Trading Data Snapshot:
Price: $2,351.03 (+20.21%)
24h High/Low: $2,490.77 / $1,954.27
24h Volume: 2.17M ETH / $4.82B USDT
Order Book Depth:
$2,528.73 | $2,490.77 | $2,361.73 | $2,351.04 | $2,194.73 | $2,027.74 | $1,860.74 | $1,731.70 | $1,693.74
Timestamp: 2025-05-08
