Ethereum is trading in a confirmed uptrend with the most recent higher low printed on Thursday at the $2,572.66 mark and the most recent higher high created on Friday.Like Bitcoin, traders and investors may want to wait for the next higher low in the uptrend to take place before entering into or adding to a position.Ethereum has not yet broken up from its own descending trendline that has been pushing the crypto down since Dec. 1. Traders may want to wait to enter on a break of the trendline if it happens on higher-than-average volume.Ethereum has resistance above at $3,057.82 and $3,240.01 and support below at $2,890 and $2,609.02.
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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.