Ethereum is trading near key levels that some analysts see as favorable for long-term positioning.
Consequently, market focus is on how price behaves around current support zones as trading volumes remain steady.
ETH at Weekly Support Level
Ethereum is testing support around 0.0325 BTC on the ETH/BTC pair. This level aligns with the 20-week moving average, which has acted as a strong base in previous cycles. Analyst Michaël van de Poppe called it an “ideal zone for buys” and said ETH is in a strong spot for portfolio allocation.
Recently, Ethereum pulled back after reaching a local high during its most recent rally. Despite the pullback, the chart still shows higher lows and higher highs. RSI is holding above 50, and volume has not shown any major change. Suggesting this decline may be temporary if support holds, Van de Poppe also commented,
“Corrections don’t last forever.”
Source: Michaël van de Poppe/X
Support Holds on USD Pair
ETH is trading near $3,850, down about 2%
We współpracy z: https://cryptopotato.com/time-to-buy-ethereum-eth-key-support-zone-tested/
