ETH/USDT - Gann Analysis 
2024-12-10

📊 **Overview**:  
This is Gann chart for ETH/USDT, showcasing key support and resistance levels based on Gann angles and square values. These levels can act as critical turning points for Ethereum's price movement.

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🔍 **Key Observations**:  
1️⃣ Current Price: ETH is trading around **$3,665**, which is slightly above the **540° level ($3,563)**.  
   - If ETH holds this level, the next resistance is at **600° ($3,972)**, and beyond that, we’re looking at the **660° level ($4,403)**.  

2️⃣ Support Levels:  
   - Immediate support lies at **540° ($3,563)**.  
   - Stronger support can be found at **480° ($3,176)** and **420° ($2,811)**, marking potential retracement zones.  

3️⃣ Broader Picture:  
   - The chart shows a clear breakout attempt after consolidating below **360° ($2,469)** earlier this year, highlighting strong bullish momentum in recent months.  
   - A move below the **540°** level could signal a deeper correction towards **480°**.  

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💡 **Trading Strategy**:  
- **Bullish Scenario**: Watch for a clean breakout above **$3,972 (600°)** for continuation towards **$4,403** and potentially the **720° zone ($4,856)**.  
- **Bearish Scenario**: A failure to sustain above **$3,563 (540°)** could open the door for a retest of lower support zones at **$3,176** or **$2,811**.

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⚠️ **Disclaimer**:  
This analysis is not financial advice. Always manage your risk and conduct your research before making any trades. 🚨

What’s your take on this Gann setup for ETH? Share your insights in the comments! 👇
Wish you Best of luck 😊