$ETH /USDT Price Dips - Opportunity for Reversal? 🚀
ETH/USDT has just witnessed a significant decline from $3,402.89 to its current level of $1,885.54, marking a -4.63% drop. However, this sharp pullback may set the stage for a potential reversal. With recent support seen near $1,747.80 and the 24-hour low at $1,847.46, ETH could be gearing up for a bounce.
Key Levels to Watch:
Support: $1,747.80
Resistance: $1,983.13
Current Price: $1,885.54
Trade Strategy:
Buy Zone: $1,850 – $1,890
Target 1: $1,950
Target 2: $1,980
Stop Loss: Below $1,830
Technical Notes:
ETH has shown clear rejection at the recent lows, with buying volume building.
A strong breakout above $1,890 could trigger bullish momentum towards $1,950–$1,980.
If ETH stays above $1,850, we could see a solid reversal play.
Action Plan: Monitor for bullish continuation above $1,890 to ride the next wave up. 📈
