Ethereum is currently trading around $2,455, after rising to around $2,800 in late September before pulling back.
ETH’s key resistance is currently at $2,490, with support at $2,310. Earlier this week, the price bounced off support, and trading volume also increased, suggesting buyers were stepping in. However, the RSI has fallen to 40, indicating weak upward momentum and that the market is still lacking strength.
There are two key scenarios to watch:
📈 If the price breaks above $2,490 and holds: #ETH could continue rebounding toward $2,600, with further resistance to watch around $2,700.
📉 If the price falls below $2,310: It could drop further to $2,100, significantly erasing the gains from the recent rebound.
In short: ETH is still in a consolidation phase. $2,490 is the key level for an upside breakout, while $2,310 is an important line of defense. Don’t chase the price blindly just because it has rebounded; consider watching the closing price and managing your position size.#以太坊跌破2400USDT
ETH’s key resistance is currently at $2,490, with support at $2,310. Earlier this week, the price bounced off support, and trading volume also increased, suggesting buyers were stepping in. However, the RSI has fallen to 40, indicating weak upward momentum and that the market is still lacking strength.
There are two key scenarios to watch:
📈 If the price breaks above $2,490 and holds: #ETH could continue rebounding toward $2,600, with further resistance to watch around $2,700.
📉 If the price falls below $2,310: It could drop further to $2,100, significantly erasing the gains from the recent rebound.
In short: ETH is still in a consolidation phase. $2,490 is the key level for an upside breakout, while $2,310 is an important line of defense. Don’t chase the price blindly just because it has rebounded; consider watching the closing price and managing your position size.#以太坊跌破2400USDT