๐จ $ETH /USDT AT A PIVOTAL JUNCTURE โ BIG MOVE INCOMING! ๐จ
Ethereum ($ETH /USDT) is trading at $2,532.40, showing slight positive momentum. However, volatility is high, and traders should be on alert for the next breakout or breakdown move.
๐ก Key Levels to Watch:
Resistance: $2,566.33 USDT โ If Ethereum manages to push past this resistance, it could ignite a move toward $2,571.55 or higher. This zone is crucial for bulls to gain control.
Support: $2,462.06 USDT โ A breakdown below this level could open the door to more downside pressure, possibly testing $2,456.84 or lower if bears take over.
๐ Entry Strategy:
Long Entry: A breakout above $2,566.33 could be an opportunity to go long, targeting $2,571.55 and beyond. Set a stop loss at $2,550 to manage risk.
Short Entry: A failure to break resistance could be a shorting signal, with a target of $2,462.06 and a stop loss at $2,570.
โ ๏ธ Risk Management: $ETH is exhibiting significant swings, so itโs critical to maintain tight stop losses to protect your position from rapid reversals!
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