Pullback and correction
In the daily time frame, Ethereum faces significant resistances. If the price reaches the $3300 and $3500 resistance levels, sellers might become more active, causing a pullback. This pullback allows the price to return to support levels, gathering the necessary liquidity for the next upward move. The $3100 and $2900 support levels are critical points where the price is likely to rebound, playing a key role in determining Ethereum’s future trend.
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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.