Ethereum (#ETH_USDT) Daily Chart Update
#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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