$ETH /USDT Trading Signal - Testing Support with Potential Breakout

Key Levels

Current Price: $3,210.50

Support Level: $3,208.00

Resistance Levels: $3,326.00, $3,400.00

Entry Range: $3,200.00 - $3,220.00

Targets:

Target 1: $3,280.00

Target 2: $3,340.00

Target 3: $3,400.00

Stop Loss: $3,150.00

Technical Overview

ETH/USDT is trading near its immediate support level of $3,208.00 after a recent downward move. Price action suggests a potential bounce if the support holds, with a breakout above $3,220.00 likely to trigger bullish momentum toward resistance at $3,326.00 and higher. A failure to sustain above the support could lead to further downside testing $3,150.00.

Action Plan:

Monitor for a bounce above $3,220.00 to initiate long positions. Secure partial profits at each target level and adjust stop losses to reduce risk as the price progresses.

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