The price of Ethereum ($ETH ) recently showed a significant decline, dropping to around 3,050 USD. However, this drop was accompanied by a strong rebound, indicating that sellers were unable to keep the market under pressure.
Trading ETH: entry point
For traders, the optimal entry range is considered to be 3,060–3,100 USD, which can provide good profit opportunities when trading ETH 📈.
Target levels for buying$ETH (Take Profit)
TP1: 3,150 USD
TP2: 3,220 USD
TP3: 3,300 USD
These levels may become key for traders looking to buy ETH or increase positions in the cryptocurrency.
Risk management in trading$ETH
It is recommended to set a Stop Loss below 3,020 USD to minimize potential losses. Effective risk management is important in any cryptocurrency trading.
Market analysis of Ethereum
Buyers are actively supporting the price of ETH, preventing it from falling below critical levels. As liquidity at the current level is nearly exhausted, ETH has a high potential for movement towards previous highs.
Summary
Ethereum (ETH) shows signs of recovery, and the current moment may be suitable for entering the market. For traders and investors, it is important to monitor price dynamics and use proper risk management when trading ETH.
