$ETH /USDT is currently trading at $4,299.27, exhibiting a bullish consolidation phase. The price has recently dipped to key support levels around $4,150, following a surge to approximately $4,788. This pullback is considered a healthy correction within the broader uptrend, with strong institutional interest and ETF inflows providing underlying support.
Support Levels:
Primary Support: $4,150
Secondary Support: $4,000
Tertiary Support: $3,900
Resistance Levels:
Primary Resistance: $4,350–$4,380
Secondary Resistance: $4,500
Tertiary Resistance: $4,788 (All-Time High)
Entry Zones:
Ideal Entry: $4,150–$4,200
This range aligns with the primary support level and offers a favorable risk-to-reward ratio for potential long positions.
Take-Profit Zones:
TP1: $4,350
TP2: $4,500
These take-profit levels correspond to the identified resistance points, where price may face selling pressure.
Stop-Loss:
Suggested Stop-Loss: $4,000
Placing a stop-loss just below the secondary support level helps manage risk in case of unfavorable price movements.
$ETH is undergoing a bullish consolidation phase, with key support levels around $4,150 and resistance near $4,350. Traders may consider entering near the $4,150–$4,200 range, targeting take-profit zones at $4,350 and $4,500, while setting a stop-loss around $4,000 to manage potential downside risk.