Ethereum Targets $3,750 Resistance After Key Breakout
2024-11-28

hello guys!

Technical Analysis:
Price Action: Ethereum (ETH/USDT) has broken above the critical resistance zone near $3,546, now acting as support, confirming bullish momentum.

Structure: After a sharp rally, the price is consolidating just below the $3,641 level. This indicates a healthy pause in the uptrend, forming a base for further upside.

Resistance: The next key target lies at the $3,750 zone, highlighted as a potential supply area where selling pressure might emerge.

Support: The $3,546 zone serves as a critical demand area. A retest of this level could offer buying opportunities if the price pulls back.

Momentum: With the bullish breakout and continued upward trajectory, the momentum favors a rally towards $3,750 unless significant bearish pressure develops.
