$ETH is currently trading roughly in the $2,450–$2,500 range.
Following the recent rally, $ETH reached a peak of around $2,564 and is now undergoing consolidation.
From a technical perspective, $2,350–$2,360 is an important downside support level, while $3,040–$3,060 is a major resistance zone.
Overall, U.S. interest-rate uncertainty and high oil prices are creating volatility in the market.
#ETHUSD #cryptomarket
Following the recent rally, $ETH reached a peak of around $2,564 and is now undergoing consolidation.
From a technical perspective, $2,350–$2,360 is an important downside support level, while $3,040–$3,060 is a major resistance zone.
Overall, U.S. interest-rate uncertainty and high oil prices are creating volatility in the market.
#ETHUSD #cryptomarket
