After a consolidation period near the $1,500 mark, Ethereum buyers returned to the market, successfully reclaiming the $2K resistance region.
However, following a notable surge, ETH has encountered a crucial price range, and it’s currently struggling to overcome it.
Technical Analysis
By GreatestTrader
The Daily Chart
Over the past two months, Ethereum has enjoyed a positive trend, consistently moving upward. Accordingly, the increased buying pressure facilitated the surge above the significant $2K resistance, leading to a continued rally. Consequently, the ETH price has recently experienced a sharp increase, targeting the crucial $2.3K resistance region.
This price range presents a substantial obstacle for Ethereum buyers, encompassing the static resistance at $2.3K and the dynamic resistance of the upper trendline of the Wedge.
The trendline has proven to be a significant barrier on three occasions, hindering Ethereum’s uptrends. However, should the price successfully reclaim thi
We współpracy z: https://cryptopotato.com/make-or-break-for-eth-2000-or-2500-next-ethereum-price-analysis/
