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Ethereum Technical Analysis Chart
Title: ETH/USDT Technical Analysis: Key Breakout Levels to Watch Out For
Key points:
- ETH/USDT is currently trading at $1804, marking a 5% increase in the last 24 hours.
- Traders are advised to wait for breakout confirmation before entering any trade.
- Two possible scenarios to keep in mind:
- If the resistance level of $1830 is breached, the price could surge to $2000-$2150.
- If the resistance level holds, the first stop would be at the support level of $1700, with a potential further drop to $1400-$1500.
- To make the right trading decision, traders must wait for the breakout point and confirmations before entering any trade.
- The support level for ETH/USDT is at $1700, while the resistance level is at $1830.
In conclusion, ETH/USDT is currently trading at a crucial level, and traders must be cautious before making any trading decision. Keep a close eye on the key breakout levels of $1830 resistance and $1700 support for successful trading in ETH/USDT.
Key points:
- ETH/USDT is currently trading at $1804, marking a 5% increase in the last 24 hours.
- Traders are advised to wait for breakout confirmation before entering any trade.
- Two possible scenarios to keep in mind:
- If the resistance level of $1830 is breached, the price could surge to $2000-$2150.
- If the resistance level holds, the first stop would be at the support level of $1700, with a potential further drop to $1400-$1500.
- To make the right trading decision, traders must wait for the breakout point and confirmations before entering any trade.
- The support level for ETH/USDT is at $1700, while the resistance level is at $1830.
In conclusion, ETH/USDT is currently trading at a crucial level, and traders must be cautious before making any trading decision. Keep a close eye on the key breakout levels of $1830 resistance and $1700 support for successful trading in ETH/USDT.
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