$ETH /USDT Technical Analysis Report
Current Price: $3,001.17
Resistance: $3,103
Support: $2,967
Breakout Possibilities:
- If ETH/USDT breaks above the resistance level of $3,103 with strong volume and a candle close above this level, it indicates a potential bullish breakout. Traders might consider entering a long position above this resistance, aiming for the next resistance levels around $3,200.
- Conversely, if ETH/USDT breaks below the support level of $2,967 with significant selling pressure and a candle close below this level, it suggests a bearish breakout. Traders might consider entering a short position below this support, targeting the next support levels around $2,900.
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