Resistance Level: Around $2,238 (recent high and upper trendline).
Support Level: Around $2,070 - $2,148 (recent low and lower trendline).
Trade Decision:
The chart shows a symmetrical triangle pattern, which indicates potential breakout or breakdown.
If ETH/USDT breaks above $2,238 with volume confirmation, a long position would be a good option.
If ETH/USDT breaks below $2,148, a sell/short position would be advisable.
Recommendation: Wait for confirmation of the breakout direction before entering a position. If it moves above the resistance, go long. If it breaks the support, sell or short.
