$ETH /USDT – BULLISH OUTLOOK WITH STRONG MOMENTUM
Market Analysis:
Ethereum is showing strong bullish momentum after breaking above the key $4,534 resistance zone, now holding steady near $4,697. The recent surge comes with high trading volume (over 1.04M ETH traded in the last 24h), signaling strong buyer commitment. The daily chart indicates a clean uptrend with higher highs and higher lows, supported by solid demand in Layer 1 markets.
Market Insights:
24h High: $4,715.75
24h Low: $4,256.92
Trend: Strong bullish continuation after consolidation phase
Volume Surge: $4.69B in the past 24h, showing institutional participation
Key Support Zones: $4,534 – $4,299
Key Resistance Zones: $4,769 – $4,830
Trading Plan:
Long Entry: $4,660 – $4,680
Target 1: $4,770
Target 2: $4,830
Stop Loss: $4,600
With momentum favoring bulls, ETH could aim for new highs if it sustains above $4,660. Short-term traders can ride this trend, while position holders should monitor volume spikes for potential breakout confirmation.