SasanSeifi|Will $1800 Be Ethereum's Next Support Level?
Updated
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Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level.
In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement.
Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level.
In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement.
Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
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Based on previous analyses, Ethereum has seen a price movement from the $2000 level back to around $2700 in the long-term timeframe. However, it faced rejection from the key resistance zone and experienced a 14% correction. Currently, the price is ranging between $2200 and $2700, with past analyses still holding valid.
The bearish outlook remains intact. If Ethereum breaks below the $2200 support and establishes a lower price, we may see further corrections towards the $2000 to $1800 levels. It’s important to monitor how the price reacts within this zone to better understand future movements.
On the other hand, the key resistance lies at $2700. In the short term, if demand picks up and Ethereum breaks above $2700 with strong momentum, we could see further growth towards the $3000 to $3200 range.
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