Ethereum (ETH) has surged sharply and is now testing a major resistance zone around $2,120. This area has historically acted as a supply zone, and current price action shows clear signs of rejection.
If this level fails to hold, we could see a potential retracement to the following key levels:
$1,994
$1,872
$1,769 (critical support zone)
The market appears overbought, and sellers may start to take control. Traders should remain cautious and wait for confirmation before entering any positions.
If this level fails to hold, we could see a potential retracement to the following key levels:
$1,994
$1,872
$1,769 (critical support zone)
The market appears overbought, and sellers may start to take control. Traders should remain cautious and wait for confirmation before entering any positions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.