#TradingAnalysis101 #BinanceBootCamp

As of March 12, 2025, Ethereum (ETH) is trading around $1,952.28, reflecting a 4.13% increase from the previous close. Recent technical analysis indicates that Ethereum is facing a critical resistance zone between $3,400 and $3,500, with strong support levels at $2,700 - $2,800 and $2,400 - $2,500.

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Given the current price action and the identified support and resistance levels, a potential trade setup could involve waiting for a confirmed breakout above the $3,500 resistance zone before entering a long position. Alternatively, if the price fails to break this resistance and shows signs of reversal, a short position targeting the $2,700 support zone could be considered. It's crucial to implement proper risk management strategies, such as setting stop-loss orders, to mitigate potential losses.

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions