🚀 Ether Price Analysis: Bulls Face Resistance at Key Levels! 🟢
Ether (ETH) bulls are facing a challenge, struggling to push the price above the moving averages, suggesting that buyers are hesitant at higher levels. This hesitation is keeping the momentum in check as ETH hovers near critical points. ⚖️
📉 If the price drops below $2,390, the ETH/USDT pair could fall to the support line of the symmetrical triangle. In this pattern, traders typically buy near the support and sell close to the resistance, so a bounce off the support line may keep the price within the triangle, extending the consolidation period. 🌀
📈 However, the tables could turn if buyers manage to push ETH above the moving averages! This would signal a potential move toward the resistance line, which could prove to be a stiff hurdle. If bulls succeed in driving the price past this resistance, ETH may rally to $2,850, and even further, reaching the pattern target of $3,409! 🌕
💡 With a potential breakout on the horizon, will the bulls take control and push ETH to new heights? Keep an eye on these levels—it’s decision time! 🔥
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