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Ethereum Technical Analysis Chart ( Bullish Toward $2100 )

Ethereum Chart Analysis

ETH/USDT is currently trading at $1900. The chart analysis suggests a bullish trend as the resistance trend line has been broken, indicating a potential move towards $2125.

Best Accumulation Zone: The recommended accumulation zone for ETH/USDT is between $1900 and $1860.

Targets: The targets for this trade are set at $2000 and $2125. These levels represent potential areas where the price may encounter resistance.

Stop Loss: It is important to have a stop-loss strategy in place to manage risks. A suggested stop-loss level is any 6-hour candle closing below $1844.

Remember, never trade blindly. It's crucial to confirm your analysis and implement proper risk management strategies.

CryptoPatel Key Levels:
Support: Key support levels for ETH/USDT are located at $1840 and $1800.
Resistance: Significant resistance levels to watch for are $2000 and $2125.

Happy trading!

Note: This analysis is based on chart patterns and historical price movements. Always conduct thorough research and consider other factors before making any trading decisions. The cryptocurrency market can be highly volatile, and prices may fluctuate rapidly.

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