$ETH /USDT Technical Analysis: Eyeing Breakout Above $2,460

Current Price: $2,444.92 (-0.25%)

24h High/Low: $2,463.54 / $2,382.53

Volume (24h): 427.5K ETH | 1.04B USDT

Indicator Focus (SAR): $2,441.34

Price Outlook:

$ETH is hovering near the Parabolic SAR flip zone ($2,441.34) and just below the intraday resistance at $2,460. With bullish pressure building around a key moving average cluster and strong 24h volume support, ETH shows signs of attempting a breakout. However, rejection from $2,460 resistance could lead to short-term correction.

Trade Setup (Long Bias):

Entry: $2,445 (confirmation above SAR)

Target 1: $2,475

Target 2: $2,520

Target 3: $2,580

Stop Loss: $2,415

Reason for Upside: Strong demand zone above $2,430 and rising market participation hint at a bullish continuation. Reclaiming $2,460 could trigger breakout trades toward $2,500+.

Risk for Downside: Failure to hold above $2,440 and a volume drop might drag ETH back to retest $2,400 support or even the $2,380 zone.

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