๐ Ethereum (ETH) Price Analysis โ Short-Term
๐น Current Price:
ETH is currently trading around $2,850 โ $2,900.
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๐น Resistance Levels (Price might face difficulty moving up):
1. $3,000 โ First major target (Ideal for profit-taking)
2. $3,100 โ $3,200 โ Strong resistance zone; price may pull back from here
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๐น Support Levels (Price may fall to):
1. $2,750 โ Weak support
2. $2,600 โ If the market drops, ETH might fall to this level
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๐ฏ Recommended Strategy (For Profit & Risk Protection)
โ Take Profit Target:
Once ETH hits $3,000 โ $3,100, consider converting ETH to USDT.
This range can offer a 5% to 8% profit if bought near $2,850โ$2,900.
โ Stop-Loss Level:
If ETH falls below $2,750, sell to avoid deeper loss.
Use a price alert or stop-loss order to minimize damage.
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๐ How to Set Price Alerts (on Binance App):
1. Open the app
2. Search for ETH
3. Tap the ๐ alarm icon
4. Add two alerts:
$3,000 โ Profit alert
$2,750 โ Stop-loss alert
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๐ Simple ETH Trade Plan:
Step Price Action
1๏ธโฃ Around $2,900 โ Buy (already done)
2๏ธโฃ $3,000 โ $3,100 ๐ฐ Sell for profit
3๏ธโฃ Below $2,750 ๐จ Sell to avoid loss
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๐ If ETH Goes Above $3,200?
If ETH crosses $3,200, you could gain up to 10% profit.
However, the market becomes volatile near this zone โ consider partial profit-taking for safety.
