Current Price: $ 1799.72
ETH is trading within a critical correction zone, offering strategic opportunities for experienced traders to position for potential price expansion. These zones, in both spot and futures markets, are where professionals often act. Beginners should remain cautious due to high volatility.
Below are the updated support and resistance levels to guide trading decisions. Review carefully before entering any trades.
While daily volume suggests a potential breakout, we advise waiting for support levels to be tested and confirmed. Patience helps avoid false signals and bearish traps while preparing for bullish opportunities.
An uptrend is followed by a downtrend, and vice versa.
Effective risk management is crucial. Always set stop-loss orders below support levels to protect against deeper corrections.
As Shown
The Chart Below
Price Targets
Short-Term:
Breakout above $2,120.00 may target $ 2,550.00, then $ 3,430.00
If $ 1,537.00 breaks, ETH could retest $ 1,385.00
Medium-Term:
A move past $ 4,350.00 could aim for $ 5,300,00, potentially $ 7,800.00
Breaking support may push ETH toward lower Support areas.
Long-Term:
Bullish target: $ 12,000.00 – $ 15,000.00
If support fails, ETH could drop to lower Support areas.
Support & Resistance:
Support: $ 2,950.00 - $ 2,620.00 - $ 2,100.00
Resistance: $ 3,300.00 - $ 3,750.00 - $ 4,800.00
