Ethereum (ETH) recently broke above the 2,400 USDT threshold, marking a significant milestone in its bullish trajectory. This breakout suggests positive momentum that could continue if certain technical and fundamental conditions are met. $ETH
đ Technical analysis and key levels
Immediate Resistance: The 2,500 USDT level represents the next psychological and technical barrier. This level corresponds to a former high and could represent a point of consolidation or reversal in the short term.
Medium-term targets: If the uptrend continues, analysts are looking at targets around 2,800 to 3,000 USDT. These levels correspond to historical resistance zones and significant Fibonacci retracements.
Long-term outlook: Some experts believe that if the current momentum continues, Ethereum could target levels between 4,000 and 5,000 USDT in the coming months, especially if favorable macroeconomic factors and technological advancements support the market.
đ Market indicators
Market Sentiment: The Fear & Greed Index currently has a score of 65, indicating a predominance of greed among investors, which may support buying pressure in the short term.
Volatility: Over the past 30 days, Ethereum has experienced a volatility of 6.52%, with 53% of positive days, suggesting a moderate but stable bullish trend.
â ïž Points of vigilance
Possible Consolidation: After a rapid rise, a consolidation phase between 2,400 and 2,500 USDT cannot be ruled out. A break above this area would strengthen the uptrend, while a rejection could lead to a retreat towards lower supports.
External Factors: Regulatory developments, monetary policy decisions, and the performance of traditional markets may influence Ethereum's trajectory.
đ Current market data
In summary, Ethereum's break above 2,400 USDT is a positive signal, but caution is still warranted. Investors should closely monitor upcoming resistance levels and technical indicators to assess the strength of this bullish trend.
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