đš ETH/USDT Spot Market Update & Key Levels đš
ETH recently hit a strong high of $2,807, indicating a strong bullish trend on the daily chart. Currently, price action is consolidating within the $2,745 â $2,770 range on lower timeframes.
đ Key Levels for Spot Traders:
âą Immediate Resistance: $2,770 (A solid breakout and candle close above this level could push the price towards $2,807+)
âą Strong Support Zone: $2,716 â $2,725
đĄ Spot Strategy:
We are seeing long wicks on 15m/1H charts, signaling volatility and price rejections. Avoid FOMO buying at resistance. For safer entries, look for dip-buying opportunities near the support zone ($2,716â$2,725) or wait for a clear breakout confirmation above $2,770.
What is your price target for ETH? Share your thoughts below! đ
đ Note: Always use a Stop Loss to manage your risk.
â ïž Disclaimer: Cryptocurrency trading involves financial risk. Always do your own research (DYOR) before making any trades or investments.
#Ethereum #ETH #SpotTrading #BinanceSquare #CryptoTrading #TechnicalAnalysis
ETH recently hit a strong high of $2,807, indicating a strong bullish trend on the daily chart. Currently, price action is consolidating within the $2,745 â $2,770 range on lower timeframes.
đ Key Levels for Spot Traders:
âą Immediate Resistance: $2,770 (A solid breakout and candle close above this level could push the price towards $2,807+)
âą Strong Support Zone: $2,716 â $2,725
đĄ Spot Strategy:
We are seeing long wicks on 15m/1H charts, signaling volatility and price rejections. Avoid FOMO buying at resistance. For safer entries, look for dip-buying opportunities near the support zone ($2,716â$2,725) or wait for a clear breakout confirmation above $2,770.
What is your price target for ETH? Share your thoughts below! đ
đ Note: Always use a Stop Loss to manage your risk.
â ïž Disclaimer: Cryptocurrency trading involves financial risk. Always do your own research (DYOR) before making any trades or investments.
#Ethereum #ETH #SpotTrading #BinanceSquare #CryptoTrading #TechnicalAnalysis