The ETHUSDT price is behaving quite technically. During the last month of trading, Ethereum buyers did not allow the price to fall below $1250 while retesting the strong liquidity zone from above. This is a good signal of serious intentions and strength of buyers, and accordingly, a signal of possible future growth.
Today, ETHUSD broke through the first local trend line and is trying to consolidate above it. A set of ETHUSDT longs from $1400-1450 is now justified and looks safer.
The potential for growth is in the area of $2000-2100. In our opinion, it will be difficult for Ether price to break above $2000-2100 the first time. After all, $2000-2100 is a strong liquidity zone, which in 2021 has repeatedly acted as support, and in 2022 - as resistance from above. There is also a trend line in this range, which is the main resistance of sellers and indicates a downtrend for a year since November 2021. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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