Analysis of Ethereum (ETH/USDT) Coin
The price is witnessing a strong upward surge and clear buying momentum after directly rebounding from the 24-hour low at 2,485.54, where it is currently trading at 2,624.95, achieving a gain of +5.33%. The strong green candle is nearing a test of the 24-hour high recorded at 2,646.00 and the previous high at 2,665.99, which supports the continuation of the bullish outlook and a breakout above these resistances.
Trade Type: Buy (Buy / Long)
Suggested Entry Zone: Between 2,610 - 2,630
First Target: 2,646 (retest of the 24-hour high)
Second Target: 2,665 (testing the main high)
Stop Loss: 2,560 (a break below the secondary support zone and holding under it)
$ETH
The price is witnessing a strong upward surge and clear buying momentum after directly rebounding from the 24-hour low at 2,485.54, where it is currently trading at 2,624.95, achieving a gain of +5.33%. The strong green candle is nearing a test of the 24-hour high recorded at 2,646.00 and the previous high at 2,665.99, which supports the continuation of the bullish outlook and a breakout above these resistances.
Trade Type: Buy (Buy / Long)
Suggested Entry Zone: Between 2,610 - 2,630
First Target: 2,646 (retest of the 24-hour high)
Second Target: 2,665 (testing the main high)
Stop Loss: 2,560 (a break below the secondary support zone and holding under it)
$ETH
