Ethereum is at its Main support zone of $2570 to $2600. If the Ethereum loses this support level and the candle closes below this level for 4 hours or daily, then we will see more Ethereum correction and fall to the level of $2,500 and even $2,400. Ethereum has now formed a Symmetrical Triangle in the four-hour timeframe that we can expect to grow slightly if it breaks and crosses the triangle upwards. The first resistance at Ethereum is at $2700, and Ethereum must cross its main resistance range, which is between $2800 and $2900, and stabilize above this range to return to the uptrend.
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.