ETH/USDT Trading Scenario
As of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery.
If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound.
A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound.
A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
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