#Ethereum (#ETH_USDT) Daily Chart Update
Ethereum has recently displayed a bearish pullback after testing the key resistance level at $3,319.38. The price initially broke above the previous resistance at $2,790.99, which may now act as a new support level.
Key Levels to Watch:
Resistance 2: $3,319.38
Resistance 1 (Potential Support): $2,790.99
Lower Support Zone: The red area around $2,400
If ETH holds above Resistance 1 and shows a bullish daily close, it may signal the continuation of the recent uptrend, possibly leading to a renewed rally. However, a break below this level could indicate further consolidation or a potential retest of the lower support zone. Traders should monitor price action around Resistance 1 for confirmation of the next move.
#Ethereum
Ethereum has recently displayed a bearish pullback after testing the key resistance level at $3,319.38. The price initially broke above the previous resistance at $2,790.99, which may now act as a new support level.
Key Levels to Watch:
Resistance 2: $3,319.38
Resistance 1 (Potential Support): $2,790.99
Lower Support Zone: The red area around $2,400
If ETH holds above Resistance 1 and shows a bullish daily close, it may signal the continuation of the recent uptrend, possibly leading to a renewed rally. However, a break below this level could indicate further consolidation or a potential retest of the lower support zone. Traders should monitor price action around Resistance 1 for confirmation of the next move.
#Ethereum
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.