$ETH $ETH

ETH

3,205.49

+1.62%

📊 ETH/USDT Analysis: Is a Recovery Imminent? 📊

ETH is trading around $3,202, maintaining a modest +1.03% gain in the short term. After hitting resistance at $3,240, the price has pulled back, now aiming for support near $3,185. This setup is presenting traders with some interesting opportunities! 🔥

Key Levels to Watch:

Resistance: $3,240 – Sellers have stepped in here recently, limiting ETH’s upside.

Support: $3,185 – A key level where buyers could regain control for a recovery.

Entry Strategy:

Bullish Scenario: Look for a buying opportunity if ETH holds above the $3,185 support, with a target of $3,240 or higher. Place a tight stop loss just below the support to manage risk.

Bearish Scenario: A break below $3,185 could signal further declines, with a potential target of around $3,160 or lower. 📉

With high volume supporting these moves, ETH is at a crossroads. Will it hold or will we go lower? Watch closely! 👀🚀#USInflationAboveTarget#USUALonLaunchpool&Pre-Market#MemecoinWars#BTCBreaks93k #Write2Earn!