$ETH Price Action โ Key Levels to Watch ๐จ
I'm keeping a close eye on ETH after a massive $29.57K short liquidation at $2541.33. This could indicate strong buying interest. The current support level is around $2500, and $2600 is the resistance level we need to break for a clear bullish signal.
๐ Tip 1: If $2500 holds as support, it could be a good opportunity to enter long positions.
๐ Tip 2: A break above $2600 would open the door for further upside, possibly reaching $2650.
๐ Tip 3: If the price drops below $2500, consider setting a stop-loss around $2450 to protect against further declines.
Buy Entry: Around $2500 โ $2520
Sell Entry: Around $2600
Next move? Watch for a breakout above $2600 for a potential upward rally.
Keep your strategy sharp! ๐
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ETH
2,524.99
+7.08%