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New Ethereum Analysis Result
Coin Status
Bullish 📈
Support and Resistance Levels
Key Support Level: $4,100 📉
Key Resistance Level: $4,350 📈
Currently, Ethereum is sitting at the $4,100 support level, which indicates a potential entry point for buying. The main resistance is at $4,350, and if broken, it could move toward higher targets.
Trade Suggestion
Long 🎯
Target: $4,500
Stop Loss: $4,050 ❌
Based on the bullish trend and technical indicators, it is suggested to enter a long position. The target price of $4,500 is above the current resistance level and can serve as a good exit point. The stop loss can be set at $4,050 to prevent losses in case of a possible pullback. This move represents an approximate profit of around 7% from the current price.