ETH Bulls Beware Key Levels Every Trader Must Watch! ⚠️⚠️💥Are you Ready?⚡⚡
🚀💥Ethereum's price action has caught the attention of traders as it demonstrates a sharp reversal from its demand zone, moving back into the well-defined descending channel pattern. 🔥This critical reversal suggests that ETH might be gearing up for another test of the supply zone, potentially setting the stage for a significant move.
💥Currently, ETH is trading at $2,650, with a target price set at $3,800. This potential upward move, however, hinges on how the price interacts with the supply zone. A rejection at this level could trigger a fresh wave of selling pressure, pushing ETH back toward the lower boundaries of the descending channel.
💸Current Price -- $2650
📈Target Price -- $3800
What Should Traders Do?
We've highlighted crucial levels on the chart for #ETH, offering a roadmap for potential trades. By strategically positioning according to these key levels, traders can capitalize on ETH's price movements within this channel.
Key Strategy to Watch: Look for signs of strength or weakness as ETH approaches the supply zone. If the price fails to break above, it may signal a shorting opportunity. Conversely, a strong breakout could be a signal to ride the momentum toward higher targets.
🚀💸 Ready to make some profits? Follow the chart, stick to the strategy, and navigate ETH's next big move with confidence!
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