🚨$ETH /USDT Analysis🚨
📊The $ETH /USDT pair is currently trading at $2,945.25, showing a 4.94% increase in the past 24 hours. The price has been consolidating within a range for the past few hours.
📉Short-Term Outlook
* Long Entry: Wait for a break above the recent high of $2,956.56 with a stop-loss below the current support level around $2,800. Target the next resistance level at $3,000.
* Short Entry: Consider a short position if the price breaks below the current support level with a stop-loss above the recent high. Target the next support level at $2,700.
🔑Key Levels
* Resistance: $2,956.56, $3,000
* Support: $2,800, $2,700
📝Overall Outlook
The market sentiment for ETH/USDT remains positive, with the potential for further upside in the short term. However, traders should exercise caution and monitor the price action closely for any signs of reversal.
⚠️Disclaimer: This is not financial advice. Please do your own research before making any trading decisions.
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