🚨 ETH/USDT Market Update ⚠📈
📍 Current Price: $1,607
📊 Resistance Zone: $1,665 – $1,760
📉 Support Zone Below: $1,555 – $1,491
$ETH is currently trading at a support area and approaching a key resistance near $1,685. Price has bounced cleanly from the mid-range demand zone and is now pushing upward with stronger momentum.
🔍 Key Observations:
✅ Price respected the $1,555 demand zone and is showing short-term strength.
✅ If ETH breaks and holds above $1,685, further upside toward $1,760 is possible.
❗️Rejection from current levels may bring another retest of the $1,491 demand area.
📊 Today’s Market Catalyst:
📌 5:30 PM (Pakistan Time) – Unemployment Claims (USD)
➡️ A lower-than-expected claim number may strengthen USD and pressure ETH short-term.
➡️ Higher-than-expected claims could favor bulls by reducing USD strength.
⚠ Trade Smart:
ETH is nearing resistance — aggressive longs here are risky. Wait for a clean breakout above $1,685 or look for support confirmation around $1,555 for bounce opportunities.
