🚨 $ETH /USDT FLUCTUATES IN A TIGHT RANGE – PREPARE FOR THE NEXT MOVE! 🚨
$ETH /USDT is currently trading at 2,481.43 USDT, showing modest gains of 0.57% in the past 24 hours. This level reflects consolidation, with the price bouncing between highs and lows, hinting at an impending breakout or further consolidation.
🔍 Key Levels to Watch:
Resistance: 2,508.00 USDT – Breaking above this level could trigger a rally, with the next target around 2,550.00 USDT if bullish sentiment strengthens.
Support: 2,468.29 USDT – This support level is crucial for maintaining the current range. If breached, look for ETH to possibly retest 2,442.20 USDT.
📈 Entry Strategy:
Short-Term Long Entry: Consider entering near 2,485.00 USDT, aiming for a target of 2,505.00 USDT. Use a stop loss at 2,470.00 USDT to manage risk on short-term trades.
Long-Term Long Entry: An entry around 2,460.00 USDT could aim for a higher target at 2,550.00 USDT if upward momentum builds. A wider stop loss at 2,445.00 USDT is advisable for this approach.
⚠️ Short Position (if resistance holds):
If $ETH struggles to break 2,508.00 USDT, a short entry near 2,500.00 USDT could target 2,470.00 USDT on a pullback. Place a stop loss just above 2,510.00 USDT.
ETH/USDT is holding within key levels, making it essential to watch volume and volatility. Stay alert for confirmation signals before the next move!