🚨⚡ $ETH /USDT HOVERING AT CRUCIAL LEVELS – WHAT'S NEXT FOR ETHEREUM? ⚡🚨
Ethereum ($ETH ) is currently trading at $2,484.89, marking a slight 0.19% increase over the past 24 hours. With a recent high of $2,527.99 and support tested near $2,464.13, Ethereum’s price action suggests it's poised for a potential move. Traders are keenly observing these levels for possible breakout or retracement signals.
💡 Key Targets to Watch 🎯
1. Immediate Resistance: $2,507.77 – Breaking this level could confirm short-term bullish momentum, inviting buyers to push the price higher.
2. Mid-Level Target: $2,527.99 – Surpassing this recent high would signal stronger bullish activity, potentially attracting more attention to Ethereum's current trend.
3. Upper Target: $2,531.19 – Reaching this level could solidify a breakout, paving the way for further gains and potentially setting up for a broader upward trend.
$ETH is currently oscillating near its moving averages, with MA(7) at $2,491.20 and MA(25) at $2,488.96 providing nearby support, while the MA(99) at $2,497.83 serves as a critical resistance level. These moving averages suggest ETH could be primed for a decisive move, so traders should keep a close eye on these technical indicators.
📉 Will Ethereum Break Through or Face Rejection? Watch these levels for entry signals as ETH tests key resistance zones!
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