๐ $ETH /USDT Stabilizing: Rebound in Sight? ๐
Ethereum (ETH) is trading at $3,338.51, marking a decline of -1.39% in the last session. After bouncing from the $3,101.90 support, ETH is attempting a recovery, signaling potential for a bullish turnaround.
๐ Key Levels to Watch:
Entry Point: $3,338.51
Immediate Target: $3,394.41
Next Resistance: $3,733.09
Stop-Loss: $3,216.97
The 1-hour chart suggests Ethereum is consolidating, with volume increasing as the price nears the resistance at $3,394.41. A successful breakout could pave the way for a rally towards the $3,733.09 mark, presenting a favorable risk-reward opportunity for traders.
Stay cautious and monitor closely as ETH approaches critical levels! Manage your risk and look for confirmation on upward momentum.
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