๐จETH/USDT Market Update โ ๐
๐Current Price: $1,645
๐Resistance Zone: $1,685 โ $1,760
๐Support Zone Below: $1,555 โ $1,491
$ETH is still consolidating between the previously marked zones, and there are no significant changes in the chart. However, the price is showing signs of a bounce from the support area, hinting at potential upward movement.
๐ Key Observations:
โ Price respected the $1,555 demand zone and is maintaining a minor bullish structure
โ If ETH breaks and holds above $1,685, a further move toward $1,760 is possible
โ๏ธRejection from the current level could lead to another retest of the $1,491 demand area
๐ Still no specific changes in the chart โ the same marked areas are holding and working effectively
๐ Market Volume Insight:
The week has just started so there will be comparatively high volume in the market. This makes current price action more meaningful and increases the chances of stronger volatility.
โ Trade Smart:
ETH is near resistance โ aggressive longs at this level are risky. Wait for a clean breakout above $1,685 or look for bullish confirmation around the $1,555 support zone for potential bounce setups.
