ETHUSDT: Attempting a Recovery After the Dump

Hey, traders! Today, we’re focusing on ETHUSDT. The price is trying to recover after a sharp dump, currently sitting at 3,345.52 USDT. We see a support level at 3,308.46 USDT, which has held up under pressure, but its retention remains critical.

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🔑 Key Levels:

Support:

• 3,308.46 USDT — the key zone where buyers might keep the market steady.
  
• 3,302.52 USDT — an additional defense level in case of renewed pressure.
  

Resistance:

• 3,360.00 USDT — the nearest target to test the bulls' strength.
  
• 3,400.00 USDT — a zone for partial profit-taking if the upward momentum continues.
  

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🚩 Trading Strategy:

Entry Point:
- Consider a long position after confirming the support at 3,308.46 USDT and observing a bullish impulse.

Stop-Loss:
- Place your stop below 3,302.52 USDT to minimize risks.

Take-Profit Targets:

1. 3,360.00 USDT — the first profit-taking point.
   
2. 3,400.00 USDT — the final target for this upward move.
   

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📈 Technical Analysis:

• The sharp volume dump indicates a liquidity grab attempt.
  
• If bulls can hold the 3,308.46 USDT level, recovery toward resistance is possible.
  
• It’s important to monitor volume and price reaction at key levels.
  

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💡 Conclusion:

Ethereum is clearly attempting to recover after a strong dump, but buyers must hold support. Will the market manage to reclaim lost ground? Share your thoughts in the comments!