Ethereum price analysis: Is ETH heading toward $2K after yet another rejection at $2.5K?
- Ethereum is currently trading around $2.4K, accumulating below the $2.5K resistance level after rebounding from the $1.5K zone, amid weakening short-term momentum.
- The daily chart shows the structure has improved significantly, with a key support zone around $2.0K-$2.1K and resistance at $2.5K — a decisive breakout could push the price toward $3K.
- On-chain analysis indicates that the amount of ETH held on exchanges is decreasing, suggesting that selling pressure is easing; however, the price reaction around the $2.3K-$2.35K range will be pivotal in determining the next move.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto
- Ethereum is currently trading around $2.4K, accumulating below the $2.5K resistance level after rebounding from the $1.5K zone, amid weakening short-term momentum.
- The daily chart shows the structure has improved significantly, with a key support zone around $2.0K-$2.1K and resistance at $2.5K — a decisive breakout could push the price toward $3K.
- On-chain analysis indicates that the amount of ETH held on exchanges is decreasing, suggesting that selling pressure is easing; however, the price reaction around the $2.3K-$2.35K range will be pivotal in determining the next move.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto
