ETH/USDT Technical Analysis: $1720 Resistance Level Holds Key to Potential $3000 Price Surge:-
#ETH /USDT Technical Analysis:
As of now, the current trading price of $ETH is $1636, with the cryptocurrency trading in a parallel channel in the $1500-$1700 trading range. The major resistance level of $1720 is yet to be broken.
It's important to note that if the resistance level of $1720 is breached, it could result in a bullish market trend, potentially driving the price of $ETH to $2500-$3000. However, if the resistance level is not broken and instead rejected with high volume , we may see a decline in price to around $1300.
Traders should also keep a close eye on the big time frame triangle breakout, as this can provide insight into future market trends.
In summary, the support levels for $ETH are $1500 and $1300, while the resistance levels are $1720, $2000, and $3000. If you found this analysis helpful, please like, share, and follow for more updates.
Thank you.
