$ETH $ETH/USDT – Ethereum Eyes the Next Breakout Move

Ethereum ($ETH) continues to show resilience in the market, trading steadily amid broader crypto volatility. Currently hovering near key support and resistance levels, ETH is setting up for a potential breakout as traders await confirmation of the next directional move.

In recent sessions, $ETH has seen relatively stable price action, consolidating within a range that reflects both caution and underlying bullish sentiment. With strong institutional interest and the ongoing growth of Ethereum's Layer 2 ecosystem, fundamentals remain supportive of further upside potential.

Key Levels to Watch:

Support Zone: $3,050 – $3,100

Resistance Zone: $3,250 – $3,300

Current Price: ~$3,180

Trade Setup:

Entry Zone: $3,120 – $3,180

Target 1: $3,300

Target 2: $3,450

Stop-Loss: Below $3,050

Ethereum is also benefiting from the broader anticipation around ETH ETFs and scalability upgrades. These factors, along with growing DeFi activity, could act as catalysts for a fresh rally if market sentiment remains positive.

Pro Tip: Watch for a daily candle close above $3,300 with strong volume to confirm a breakout.

ETH is coiling—if momentum builds, a sharp move could be just around the corner. Stay alert.