Ethereum
Long
Updated

ETHUSD| ETHEREUM EYES $2,362 SUPPORT BEFORE POTENTIAL REBOUND

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The Ethereum (ETH) price started March with a sharp 14% surge, against a two-month downtrend as the market reacted to U.S. President Donald Trump’s announcement of a crypto reserve.

Today, the price is continuing its attempt to break the support level at 2362. A successful breach of this level could lead to a decline towards 2118, where the price may touch the channel before rebounding. Following this potential retracement, the price is expected to recover, surpassing 2361 and progressing towards 2581 and 2865.


Tendency Keys: 2381
Resistance Line: 2581, 2865, 3140
Support Line: 2118, 1903, 1669
Trade active
The price is currently in a correction phase until it reaches 2118. If the correction continues, it may touch the channel before resuming its upward movement, as previously mentioned.

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