ETH/USDT:- Bullish Momentum Building Towards 1760-1770 Levels ?

17 ส.ค. 2023

In this technical analysis, we delve into the current market trends of the ETH/USDT trading pair. The Ethereum cryptocurrency has shown promising signs of bullish momentum, with key buying and selling levels identified for traders to consider.

Buying Area at 1760-1780 Levels:-
Ethereum's recent price action reveals a strong support zone between the 1760-1780 levels. Traders looking to establish long positions can consider accumulating Ethereum within this range, aiming to capitalize on potential price appreciation.

Price Targets at 1950-1960 Levels:-
The ETH/USDT pair is exhibiting a promising uptrend, with price targets set at the 1950-1960 levels. It is essential to monitor price movements closely, as a sustained breach above this range could trigger further gains.

Bullish Order Block Opportunity:-
An intriguing opportunity arises from the presence of a bullish order block at 1760-1770 levels. This block signifies a strong demand area, highlighting the potential for upward price movement. Additionally, if the market corrects itself and ETH/USDT retraces to the 1650-1680 levels, astute traders can consider this a "buy for bag" opportunity.

By staying informed about these key levels and potential opportunities, traders can position themselves for success in the dynamic world of cryptocurrency trading. Follow us on Trading View for real-time updates, in-depth analyses, and actionable insights to enhance your trading journey.