ETH/USDT – Technical Analysis
ETH/USDT recently tested an external liquidity capture at $4,763.48, coming from support at $3,818.59. Right now, the price seems to be consolidating between $4,442.52 (support) and $4,525.45 (resistance).
Here are two strategies to watch:
1️⃣ Entry at Support:
Enter near $4,442.52, targeting the external liquidity at $4,763.48.
2️⃣ Entry after Resistance Breakout:
Wait for a break above $4,525.45, set a stop loss at $4,428.09, and aim for the same external liquidity $4,763.48.
💡 Market Summary:
ETH has been trading inside a descending channel since the highs around $4,956 in August. A close above $4,800 with strong volume could signal a bullish reversal, targeting $5,000+. If the price rejects this area, a pullback toward $4,400 or even $4,000 is possible.
🔑 Conclusion:
The zone between $4,442.52 and $4,525.45 is key for potential entries. Keep an eye on price action and volume before making a move.#ETHEUSDT #ICT_Trading
