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Technical Analysis of ETH/USDT on Binance: Price Action and Targets šÆ
š Current Price: $3,265.11
ETH/USDT is experiencing a slight dip of -2.42% in the last 24 hours, currently trading near the support level of $3,265.11. Let's break down the key price levels and targets to watch.
Key Levels:
24h High: $3,448.99
24h Low: $3,130.48
Current Price: $3,265.11
Technical Overview:
ETH has been consolidating after reaching a high of $3,448.99. The current price shows potential for a small pullback, but the trend remains strong. We are seeing strong support around the $3,130 range, with a critical resistance zone just below $3,450.
Price Targets šÆ:
1. Target 1: $3,130 ā
This represents a strong support level. If ETH dips further, we may see a test of this zone before a potential rebound.
2. Target 2: $3,265 ā
Currently near the price, this level offers mid-range support and could serve as a strong buying zone if the market shows bullish confirmation.
3. Target 3: $3,450 ā
The 24h high has proven to be a significant resistance point. If ETH breaks above this level, we may see further bullish momentum, aiming for higher levels.
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