$ETH

Hello Binance Square Family!

Let’s talk Ethereum (ETHUSDT) – a pair that’s been trading sideways but may be setting up for something very interesting!

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📉 Recent Market Behavior

Over the past month, ETHUSDT has been in a sideways consolidation phase, gradually drifting toward a major support zone around $1700. April’s monthly candle has already closed bearish, showing weakness – but that might just be the trap before the bounce.

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⚠️ Eyes on the 1700 Zone

As we enter mid-month, all eyes should be on the $1700 level. Here’s what could happen:

A fake breakout below $1700 may trigger stop hunts and shakeouts

If the price shows reversal signals post-dip, it could offer a prime long entry

This is a classic liquidity sweep scenario followed by upward continuation

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🎯 Mid-Term Target: $2300

If the support holds and bullish confirmation appears, we’re targeting the $2300 resistance zone as the mid-term objective. This level lines up with previous price reactions and represents a meaningful upside if the market sentiment improves.

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🧠 Key Takeaways

Support Zone: $1700 – watch for fakeouts or bullish candle formations

Buy Signal: Reversal structure after liquidity grab

Target: $2300 mid-term

Risk Management: Always set stop-losses below invalidation

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💬 Let’s Talk ETH!

What’s your take on Ethereum this week?

Are you buying the dip or waiting for more confirmation? Drop your thoughts in the comments — let’s grow together as a community!

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