$ETH /USDT – Bullish Momentum with Potential Rebound!
Momentum Analysis:
ETH/USDT is currently facing a minor retracement, down 3.37% in the last 24 hours, testing key support around $2,077.22. However, the price is stabilizing near the $2,100 mark, suggesting potential for a bounce or consolidation before a breakout.
Long Setup:
Entry Zone: $2,077 - $2,100
Target Zones:
T1: $2,144
T2: $2,193
T3: $2,234
Stop Loss: $2,070 (below key support)
Breakout Confirmation Level:
A breakout above $2,144 (previous resistance) will confirm a continuation to higher targets.
Key support at $2,077.22, with further confirmation needed at $2,120 for a solid upward move.
Pro Tip for Traders:
Watch for a volume increase at $2,144 to validate the breakout. Patience and careful entry into this range can offer favorable risk/reward setups.
Trading Data:
Price: $2,101.60
24h High: $2,234.93
24h Low: $2,077.22
24h Volume (ETH): 377,302.53 ETH
24h Volume (USDT): 816.20M USDT