⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

Ethereum Winks at $2500! Current ETH Analysis

  • Ethereum (ETH) finds strong support in the range of $2304 – $2284 on the 2-hour chart.
  • Staying at these levels presents the potential for ETH to rise up to $2475.
  • Investors can consider taking long positions on a drop to the support range of $2304 – $2284.

The technical analysis of Ethereum highlights prominent support levels on the 2-hour chart. The price staying above these supports creates a strong buying potential, indicating an upward movement towards $2475.

Medium-Term ETH Analysis

3-Day ETH/USD Price Chart
3-Day ETH/USD Price Chart

According to the 3-day technical chart of Ethereum, ETH price has experienced a more than 5% increase today by surpassing the $2140 resistance. As long as ETH remains above $2140, it may continue its upward movement towards the resistance range of $2500 – $2632.

If the ETH price achieves weekly closures above $2630, the next target could be $2950. Therefore, ETH investors may consider the upward trend to persist as long as price movements above $2140 continue.

In the event of a recent drop in ETH price to the range of $2140 – $2170, spot purchases may be considered for the $2500 target. Additionally, if Ethereum falls to the $2070 level, additions to spot investments could be made.

Will Ethereum Sustain Its Upward Trend? Short-Term ETH Analysis

2-Hour ETH/USD Price Chart
2-Hour ETH/USD Price Chart

According to the 2-hour technical chart of Ethereum, the range of $2304 – $2284 stands out as a significant support zone. If the ETH price drops to this support range, it may sustain its uptrend up to $2475 with a strong buying response.

In this scenario, ETH investors can consider taking long positions if the price falls to the $2304 – $2284 support range. However, if the ETH price closes below $2235, swing long trades initiated from this zone should be halted.

In the event of Ethereum’s continuation of the upward trend, altcoins in the ETH ecosystem may experience increases of more than 15%.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin Drops Below $118,000 on July 24 with a 0.16% 24-Hour Decline

On July 24, Bitcoin experienced a marginal dip, slipping...

Solana Developers Propose 66% Block Limit Increase to 100 Million Computational Units for Enhanced Network Capacity

Solana developers are evaluating a proposal to enhance the...

BINANCE Binance Futures Launches New Listings Fee Promotion: Enjoy 0 Maker Fee and Enhanced Maker Rebates

BINANCE Binance Futures Launches New Listings Fee Promotion: Enjoy...

$ASP added to Binance alpha projects

$ASP added to Binance alpha projects

Satsuma Secures $136 Million Financing to Boost Bitcoin Accumulation Strategy

British-listed firm Satsuma has successfully secured $136 million in...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img