The 4-hour chart shows a descending trendline that has acted as resistance, with ETH recently bouncing back after testing that line.

Ethereum has reached the $2,625 mark but is showing signs of correction.
A highlighted zone around $2,150 to $2,250 could act as the next support level if a downward correction materializes. This range aligns with a demand zone seen on the chart.

Based on the bearish sentiment and the break from the resistance, the next move could push Ethereum toward the $2,150 area, offering a potential entry point for buyers waiting near support.

Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Chart PatternscryptoETHethbnbETHBTCethlongethshortETHUSDETHUSDTTechnical IndicatorssandersTrend Analysis

Also on:

Related publications

Disclaimer