Ethereum Price Analysis: ETH heads toward $3K, but these major obstacles are holding it back
- Ethereum is consolidating below $2.7K after facing resistance in the $2.75K-$2.82K range, maintaining a bullish structure with higher lows than the previous one and receiving support from an upward trendline.
- The possibility of a golden cross on the daily moving average lines could signal a change in the medium-term trend in favor of buyers, but more confirmation is still needed.
- The market is trading between significant liquidity zones, with upside room toward $2.90K-$3K and downside risk to $2.60K-$2.62K if the support level is lost.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto
- Ethereum is consolidating below $2.7K after facing resistance in the $2.75K-$2.82K range, maintaining a bullish structure with higher lows than the previous one and receiving support from an upward trendline.
- The possibility of a golden cross on the daily moving average lines could signal a change in the medium-term trend in favor of buyers, but more confirmation is still needed.
- The market is trading between significant liquidity zones, with upside room toward $2.90K-$3K and downside risk to $2.60K-$2.62K if the support level is lost.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto
