💎 Paradisers, the #ETHUSDT pair is currently exhibiting notable strength, suggesting a potential bullish reversal from its support level at $3,449.06. If the price maintains its momentum at this level, there is a significant likelihood of a bullish upswing that could surpass the nearby resistance at $3,672.
💎 Taking a historical perspective, Ethereum (ETH) has consistently followed a downward trend, frequently encountering resistance around the $3,672 mark. We anticipate that the price may revisit the support level at $3,449.06 before embarking on a further bullish trajectory. Interestingly, this level has been respected twice in the past.
💎 In the event that ETH faces challenges in maintaining its momentum at the $3,449.06 support, we expect a bullish recovery from the lower support zone around $3,274. However, a breach below this point could potentially lead to additional declines. Let’s remain vigilant and be prepared to adapt our strategies as needed.