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📊 Short-Term Analysis for $ETH /USDT 🔥
📈 Why a Long Trade?
1️⃣ Key Support at $1,540 - $1,560 🚀
🔹 ETH is showing stability above $1,560 after dipping from $1,639.
🔹 Holding this zone could trigger a short-term recovery toward key resistance.
2️⃣ Potential Rebound Toward $1,600 - $1,620 📊
🔹 ETH is forming a base above $1,560, signaling buyer interest.
🔹 If price reclaims $1,600, expect momentum toward $1,620 - $1,639.
3️⃣ Strong Volume Shows Activity 🚨
🔹 24H Volume: 2.11M ETH / $3.23B USDT – High market participation.
🔹 Bounce attempts supported by healthy trading activity.
4️⃣ Key Resistance at $1,600 - $1,639 🚧
🔹 Price needs to break and hold above $1,600 for bullish continuation.
🔹 A volume-backed breakout above $1,620 could confirm trend reversal.
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📊 Short-Term Trade Setup
🔹 Long Entry: $1,560 - $1,570 (Buy near support zone)
🎯 Targets: $1,600 / $1,620 / $1,639
🛑 Stop Loss: $1,535 (Below key support)
🔹 Breakout Entry: Above $1,640 with strong candle & volume
🎯 Targets: $1,680 / $1,720
🛑 Stop Loss: $1,600
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🔸 Breakout Confirmation:
✅ Break above $1,620 = signal for $1,680 and higher
❌ Drop below $1,535 = bearish risk, exit long trades
⚠️ Risk Management:
🔸 Keep SL tight below $1,535 to limit downside
🔸 Watch volume closely at resistance zones
📈 Overall Bias: Bullish (Short-Term Rebound) as long as $1,540 holds support