$ETH

Ethereum (ETH) has recently experienced a significant market movement, with a $54.4K short position liquidated at $2,856.61. This event underscores the current bullish momentum in the market.

Current Market Overview:

Key Support and Resistance Levels:

Support: The immediate support level is around $2,800. If $ETH maintains above this, it indicates sustained bullish strength.

Resistance: The next significant resistance is at $3,000. A decisive move above this could signal further upward potential.

Trading Strategy:

Buy Entry: Consider entering a long position if ETH retraces to the $2,800 support level and shows signs of a rebound.

Sell Entry: If ETH approaches the $3,000 resistance without sufficient momentum, it may be prudent to take profits or set tight stop-loss orders.

Next Target:

A successful break above the $3,000 resistance could set the stage for ETH to target the $3,200 level.

*Note: Cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider risk management strategies before making trading decisions.*

#BTCHovers100k #TariffHODL #MarketRebound #MarketRebound #MarketRebound