$ETH

ETH

3,546.77

+0.72%

"Daily $ETH Chart: Key Support, Resistance, and Entry Zones"

Hello Binance Square community! 👋

Ethereum is trading within a critical range on the daily chart, with important support and resistance levels coming into play. Here’s my detailed breakdown:

📊 Key Insights from the Chart:

1️⃣ Resistance Levels:

$4,091.47: Immediate resistance to watch for potential breakout.

$4,479.66: Major resistance; breaking this level could pave the way toward $5,739.79.

2️⃣ Support Levels:

$3,156.29 to $3,026.59: Key potential entry zone for buyers.

$2,508.57 to $2,375.67: Secondary entry zone for long-term opportunities.

3️⃣ Trading Setup:

A breakout above $4,091.47 could signal a strong move toward $4,479.66.

If price retraces, the zones around $3,156.29 and $3,026.59 are ideal for accumulation.

🚀 Why This Matters:

Ethereum is testing critical areas, and identifying these levels can help traders plan their next moves effectively. The dashed lines on the chart highlight key support and resistance levels that could dictate ETH's next big move.

📌 See the attached chart for visual clarity.

💡 For more detailed analyses and trading insights, follow me to stay ahead of the market!

What are your thoughts? Do you see ETH pushing past $4,091 soon? Let’s discuss in the comments below! 💬