$ETH

Ethereum's current price is around $2,582.70, with a 1.19% decrease in the past 24 hours, indicating a bearish bias. Here's a detailed analysis of the ETH/USDT pair:

Key Levels:

Support Levels:

- Immediate Support: $2,546.16

- Lower Support: $2,500 or potentially $2,150-$2,200

- Strong Support Zone: $1,500-$2,000

Resistance Levels:

- Immediate Resistance: $2,644.10 or $2,765

- Major Resistance: $2,883 or $3,442.50

- Long-term Resistance: $3,169 or $4,000

Market Trend:

The current market trend is bearish, with potential for further declines. However, some analysts predict a bullish trajectory, citing technical patterns like symmetrical triangles, cup and handle, and bullish flags.

Potential Scenarios:

- *Bullish Scenario:* If ETH breaks above $2,765 or $3,442.50, it could target $3,500-$3,600, $3,800-$4,000, or even $6,000-$10,000 in the long term.

Bearish Scenario: If ETH falls below $2,672 or $2,500, it could lead to a decline towards $2,500, $2,150-$2,200, or potentially $1,200-$1,500.

Trading Strategy:

Entry Strategy:Consider buying ETH around the support levels ($2,500 or $2,546.16) with a stop-loss order below.

Take Profit:Set take-profit targets at $3,500-$3,600 or $3,800-$4,000.

Risk Management:Use position sizing and stop-loss orders to mitigate risks.

Please 🙏 note not financial assistance or advice just a friendly idea. DO your own RESEARCH .