🚀📈 Ethereum (ETH/USDT) Analysis: Key Levels and Entry Strategy

🔍 Overview:

Ethereum (ETH) has recently experienced a bullish surge, reaching a high near $3,750.

However, it faced selling pressure in the bearish OB zone between $3,750 and $4,150.

Currently, ETH is trading near $3,000.

📉 Support and Resistance:

Support Levels:

$2,500: A critical level to watch. A bounce here could signal a recovery.

$2,100: Strong support; a breakdown below this level may lead to further losses.

Resistance Levels:

$3,750: Recent high; acted as resistance during the bullish wave.

$4,150: Bearish OB zone; strong selling pressure.

📈 Entry Strategy:

Long Position:

Consider entering long if ETH bounces off the $2,500 support.

Target: $3,750 (previous high).

Stop-loss: Below $2,100.

Short Position:

If ETH breaks below $2,100, consider shorting.

Target: $2,268 (0.618 Fib retracement level).

Stop-loss: Above $2,500.

📊Current and Previous Values:

Current Price: $2,647.75

Previous High: $2,668.98

Previous Low: $2,591.51

:Remember, crypto markets can be volatile. Always manage risk and adapt your strategy based on market conditions. Happy trading! 🌟💰.

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