๐ Analysis:
Current Price: ETH is trading at around $3,785, just above the $3,300 - $3,600 area of support.
BTC Surge: The recent BTC surge might lead to a small pullback in the market.
๐ Trade Strategy:
Spot Trade Entry: Laddering into a spot trade around the $3,300 level of support.
Upside Target: Aiming for the next resistance level at around $4,150 - $4,350.
Stop Loss: Positioned just below at $3,000.
๐ Note: Keep a close eye on ETH's movement and adjust the strategy based on market dynamics! ๐