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$ETH Market Update 🛟
Current Price: $2,289 (+1.29%)
24H Market Snapshot
High: $2,396
Low: $2,157
Volume: $2.66B
Daily Range: $239 (strong volatility)
Technical Outlook:
$ETH is trying to build stability at current levels. The positive daily close reflects renewed buying interest, but price is still trading below major long-term resistance zones. Momentum remains cautious while the market searches for direction.
Key Resistance Levels:
$2,396 – short-term breakout level
$2,778 – strong supply zone
$3,563 – major long-term resistance
Key Support Levels:
$2,157 – immediate support
$2,000 – psychological support
$1,206 – critical downside level
Possible Price Scenarios
Bullish Case:
A clean break above $2,396 could open the path toward the $2,500–$2,600 zone.
Bearish Case:
Rejection from resistance may lead to another test of the $2,157 support area.
Sideways Movement:
Price may continue ranging between $2,157 and $2,396 as the market decides its next direction.
Market Summary:
$ETH is in a rebuilding phase after heavy declines. Strong trading volume shows active participation, and short-term momentum is improving. However, the long-term structure remains under pressure until price can reclaim higher resistance levels.
Traders should closely watch the $2,157 support and $2,396 resistance. Holding support could strengthen recovery attempts, while a breakout above resistance may signal the beginning of a short-term trend reversal.
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