---$ETH
๐ ETH/USDT Technical Outlook โ Tradersโ Radar ๐ฅ
๐ Pair: ETH/USDT (1D, Binance)
๐ฐ Current Price: $4,511.90 (+2.03%)
Ethereum is showing strong bullish momentum after breaking out from the lower accumulation zone around the $3,000โ$3,300 range. Buyers have stepped in aggressively, pushing ETH back into a major resistance zone between $4,500 โ $4,600.
๐ Key Technical Levels:
๐ฉ Support Zone: $3,000 โ $3,300
๐ฆ Resistance Zone: $4,500 โ $4,600
๐ Next Bullish Target (if breakout confirmed): $5,500 โ $6,000
๐ Pullback Risk: Price may retest $4,200 โ $4,300 before continuation
โก Market Sentiment:
ETH is currently testing a critical resistance zone. If bulls manage to hold momentum and break this level with strong volume, we could see Ethereum making a sharp rally toward $6,000 levels in the mid-term.
However, a rejection here could trigger a healthy pullback for re-accumulation before another upward push.
๐งญ Strategy Outlook:
Bullish Scenario: Break and daily close above $4,600 โ Long entries targeting $5,500 โ $6,000.
Bearish Scenario: Failure to hold above $4,500 โ Possible dip toward $4,200 โ $4,300 support before bouncing.
๐ Tradersโ Eye: Patience is key here. Watch the $4,500โ$4,600 zone closely. A confirmed breakout = ๐. Rejection = opportunity to reload lower.
โ ๏ธ Risk Management: Always set stop-losses and manage leverage wisely.
Best of luck ๐ค ๐
