ETH/USDT Technical Analysis: Key Levels and Potential Price Move

By CryptoPatel
ETH/USDT Technical Analysis Alert

Current price: 11870

Key levels:

Support: 1800, 11705, 1619, 1476
Resistance: 11880, 11930-11950 (red box area)
Recent bounce off the 1800 support level, approaching 11880 resistance. A break above this level could lead to a test of 22500, while a break below support could result in a drop towards 1550 as per the head and shoulders pattern on the chart.

Traders, keep a close eye on these key levels and adjust your positions accordingly. Stay vigilant!

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