$ETH $ETH $ETH

ETH/USDT Technical Analysis (1W Chart) 🔍 | Big Support Area Test 🚨

Hey crypto community! Let’s dive into ETH/USDT for this week’s analysis. Ethereum is currently testing some key support levels, and the setup looks promising for potential entries!

Chart Breakdown:

ETH is nearing a long-term uptrend support around the $1,500 level (green trendline).

This aligns with the 200 EMA, which has historically been a strong support zone.

Price action shows Ethereum is forming a bullish consolidation within the range of $1,500 - $2,269.

The recent spike in volume and price action is suggesting that ETH might be preparing for a breakout if it holds the support level.

spot Trade Setup Strategy:

Entry Zone:

🔹 $1,500 – $1,550 (Near trendline + strong support)

Target Levels 🎯:

1️⃣ $2,000 (First key resistance + psychological level)

2️⃣ $2,269 (Next major resistance zone + previous high)

3️⃣ $3,000 (Major long-term target zone if breakout continues)

Risk-Reward:

⚖️ 1:2 to 1:3 R:R with proper risk management, especially for swing traders.

Strategy Tips:

Bullish Bias if ETH holds above $1,500 – the support level is key for a potential bounce.

Watch for confirmation candles and volume increase to enter safely.

DCA if you're a spot trader looking for long-term positions.

Keep an eye on market sentiment and BTC movement for overall trend confirmation.

Summary:

Ethereum is approaching a critical support level. A bounce or breakout from this zone could lead to a strong bullish move toward higher resistance levels. Manage your risk and be patient — this setup could be big for the bulls!

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