ETH is currently trading at 2,633.61 USDT, showing a slight pullback. The chart presents a key resistance level at 2,701.53 USDT and a significant support zone around 2,574.43 USDT.

Possible Scenarios:

Bearish Rejection (Red Path): If ETH fails to break the resistance at 2,701.53 USDT, it could see a drop towards the support level of 2,574.43 USDT.

Bullish Breakout (Blue Path): Should ETH break above 2,701.53 USDT, a further upward move could be expected, indicating a continuation of the bullish trend.

Trading Strategy:

Bearish: Short positions could be considered if ETH fails at resistance, targeting the 2,574.43 USDT support zone.
Bullish: Long positions can be taken if ETH breaks above 2,701.53 USDT, targeting higher levels.
Traders should monitor the resistance and support levels closely to catch potential market moves.
Chart PatternsETHUSDTForexSELLsignalTrend AnalysisWave Analysis

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