📊 $ETH /USDT Technical Analysis | Current Price: $3,946.68 🚀
Ethereum ($ETH ) has been showing strong momentum with recent price action testing the $4,000 resistance zone. Here’s a breakdown of the chart and 3 crucial targets to watch for the next move:
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Key Observations 🔍
24h High: $4,025 – A key resistance level ETH needs to reclaim.
24h Low: $3,844 – Providing solid support for the current uptrend.
Momentum: ETH is trading at $3,946 after a surge from lower support near $3,880.
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Key Levels & Targets 🎯
1️⃣ Target 1: $3,980
ETH has shown rejections near $3,980, making it the first short-term resistance. A decisive breakout above this level will confirm bullish continuation.
2️⃣ Target 2: $4,025
The 24h high of $4,025 remains a critical level. If buyers push ETH above this point, it could signal a move toward higher resistance and fresh highs.
3️⃣ Target 3: $4,080+
A breakout beyond $4,025 can send ETH to $4,080, marking a key psychological and technical target. This would further solidify bullish momentum and attract additional buying interest.
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Technical Outlook 📈
Short-Term Trend: Bullish, as ETH maintains higher lows and tests key resistances.
Support Level: Watch $3,920-$3,940 for stability. If ETH holds above, bulls remain in control.
Breakout Confirmation: Monitor volume at $3,980 and $4,025 for clear signals.
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Conclusion 💡
Ethereum’s price action remains strong, with targets set at $3,980, $4,025, and a potential run toward $4,080+. A close above these levels will signal a continuation of bullish momentum.
🚀 Is ETH ready to break $4,000 resistance and move higher? Stay tuned!