🚨
$ETH /USDT UNDER PRESSURE – A CRUCIAL TURNING POINT LOOMS! 🚨
Ethereum is in a volatile zone, and tension is building around the $2,707.75 mark. The price is attempting to stabilize after dipping from the recent 24-hour high of $2,769.48. There's an increase of 2.07% in the last 24 hours, but don't let that fool you—there's still plenty of room for sudden movement in either direction. The price is squeezed between $2,701.41 (support) and the recent bounce from $2,642.00.
📊 Trend Breakdown:
Previous High: $2,769.48
Previous Low: $2,642.00
Current Support: $2,701.41
Volume Data: ETH trading volume stands at 358,564.49 ETH, while USDT equivalent volume is roughly 974.58M—suggesting ongoing activity but a potential lack of new aggressive buying pressure.
Momentum: The recent drop from $2,769.48 indicates selling pressure, and ETH is trying to regain strength.
💡 CRITICAL Levels to Watch:
Major Resistance: $2,747.92 USDT – A breakout above this point could propel ETH toward testing $2,772.89 USDT and higher, potentially opening the door to retesting the $2,769.48 mark.
Key Support: $2,701.41 USDT – If ETH dips below this level, expect it to test $2,698.00 USDT, followed by a potential slide back toward $2,642.00 USDT, which could trigger panic selling.
---
📉 Short-Term Signals:
Short Trade Setup:
Enter a short position if ETH drops below $2,701.41, with a target of $2,698.00 USDT.
Set your stop-loss above $2,722.97 USDT to protect against a fake-out bounce.
Bearish Collapse Alert:
If ETH fails to hold the $2,701.41 support, expect a further drop toward the $2,642.00 range. A breakdown here could push it even lower, sparking panic selling.
📈 Long-Term Signals:
Long Trade Setup:
Go long if ETH breaks through $2,747.92, with an immediate target of $2,772.89.
A successful breakout above $2,772.89 could ignite bullish momentum, potentially driving ETH toward $2,800 USDT and beyond.
#UptoberBTC70K? #SCRSpotTradingOnBinance #APESurge #BinanceLabsInvestsLombard #USRetailSalesBoost