Evening Ethereum
Key Levels: Support Level: $3,450 (on-chain liquidation threshold; if breached, it may trigger $336 million in liquidations); Resistance Level: $3,720 (Bollinger Bands upper band; a breakout may initiate a trend reversal).
Bullish Opportunity: If it holds steady in the support range of $3,450–$3,500, consider a small long position with a stop loss at $3,400 and a target of $3,600–$3,720. After a breakout above $3,720, add to long positions with a target of $3,850–$4,000 (should be accompanied by increased trading volume).
Bearish Defense: Short sell when it bounces to $3,750 under pressure, with a stop loss at $3,800 and a target of $3,650. $ETH
