🚨 $ETH /USDT at Key Support – Will Ethereum Break Through or Retrace? ⚡🎯

Ethereum ($ETH ) is showing promising signs on the 1-hour chart, currently trading at $2,472.79 with a 24-hour high of $2,508.00 and a low of $2,432.72. With the market moving between critical moving averages, $ETH is primed for its next significant move. Let’s dive into the details!

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Moving Averages & Key Levels

1. MA(7): 2,483.53 – Immediate short-term resistance; ETH needs to break above this for bullish momentum.

2. MA(25): 2,469.94 – Serving as support, showing short-term resilience.

3. MA(99): 2,519.51 – Major resistance level, indicating strong upward momentum if breached.

ETH’s current price is sandwiched between these moving averages, suggesting that a breakout in either direction could set the tone for the next trend.

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Price Targets to Watch for ETH/USDT

🎯 Target 1: $2,500 – The first resistance level ETH must clear to confirm an upward movement.

🎯 Target 2: $2,526 – A breakthrough level that could signal increased buying interest.

🎯 Target 3: $2,566 – A key stretch target if the momentum continues strong.

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Caution: If ETH drops below $2,450, it could see further downside, potentially testing support around $2,382. Traders should keep an eye on these crucial levels to manage risk effectively.

Stay tuned for updates as ETH approaches these targets – a decisive move could be on the horizon!

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