🚨 $ETH /USDT Analysis – Critical Entry Points and Strategic Insights! 🚨

📉 Ethereum ($ETH ) is currently trading within a downward channel on the 4-hour chart, testing key levels of support and resistance that are crucial for traders eyeing both long and short positions. Let’s break down the critical levels and entry strategies!

🔑 Key Levels to Watch:

• Support Zone: 2,450 USDT – ETH is hovering near this support. A break below could lead to a further decline.

• Resistance Level: 2,500 USDT – If ETH breaks out of this resistance, it may signal the beginning of an upward trend.

💼 Entry Strategy:

• Long Entry: Above 2,500 USDT – Enter with a target of 2,550 USDT and 2,600 USDT. Place a stop loss at 2,470 USDT to limit downside risks.

• Short Entry: Below 2,450 USDT – Enter with targets at 2,400 USDT and 2,350 USDT. Place a stop loss at 2,475 USDT to manage risk.

📊 Short-Term Outlook: Traders can watch for a breakout from the downward channel as an early signal for short-term entry. A confirmed close above 2,500 USDT could see bullish momentum intensify.

📈 Long-Term Perspective: If ETH can sustain above 2,550 USDT over the coming sessions, it may pave the way for a more sustained uptrend, attracting longer-term buyers.

ETH is at a pivotal point, so keep a close eye on these levels for decisive moves!

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