$ETH /USDT – Short-Term Pullback in a Bullish Trend

$ETH is experiencing a short-term correction, pulling back from a high of $4,695.19 to a current price of $4,513.75. This pullback is a healthy development in a strong uptrend, and it's approaching a key support zone. The current decline of -3.84% on the day presents a potential long opportunity for bulls aiming to buy the dip.

Key Levels to Watch

* Immediate Support: $4,513.00 – $4,480.00

* Immediate Resistance: $4,570.00 – $4,600.00

* Next Bullish Target: $4,650.00 – $4,700.00 on a bounce

Trade Setup

Bullish Reversal Play:

* Entry: In the support zone of $4,513.00 – $4,525.00

* Stop Loss: Below $4,475.00

* Targets: $4,570.00 → $4,620.00 → $4,680.00

Bearish Play (Aggressive):

* Entry: Short if price breaks and holds below $4,470.00

* Stop Loss: Above $4,520.00

* Targets: $4,420.00 → $4,380.00

Pro Tip: Look for confirmation of a bounce from the support zone with a reversal candlestick pattern and an increase in buying volume. This is a counter-trend trade on a smaller timeframe, so manage your risk tightly.