Ethereum Price Prediction: Rebound Ahead or Will ETH Breakdown Toward $2K ?
๐ป Ethereum is currently trading around $2.5K after a sharp correction from the $2.7K resistance, with key support at $2.4K under pressure and potential volatility ahead.
๐ The daily chart shows a strong recovery from June lows, but recent selling pressure has pushed ETH back toward $2.4K, with buyers responding but lacking a convincing bullish reversal.
๐ On-chain analysis indicates a decline in the exchange supply ratio, suggesting changes in ETH availability on exchanges, while the RSI shows weakening momentum, indicating potential for further price testing.
#ETH #Ethereum $ETH
๐ป Ethereum is currently trading around $2.5K after a sharp correction from the $2.7K resistance, with key support at $2.4K under pressure and potential volatility ahead.
๐ The daily chart shows a strong recovery from June lows, but recent selling pressure has pushed ETH back toward $2.4K, with buyers responding but lacking a convincing bullish reversal.
๐ On-chain analysis indicates a decline in the exchange supply ratio, suggesting changes in ETH availability on exchanges, while the RSI shows weakening momentum, indicating potential for further price testing.
#ETH #Ethereum $ETH