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- Is Ethereum
ready for a rise?
- Will Ethereum be able to break its resistance level at $1965?
- Should Ethereum investors wait for levels of $2500?
What awaits Ethereum investors? What will be the future of Ethereum? ETH Price Analysis!
Short-Term ETH Price Analysis!
2 Hour Ethereum Price Analysis! Source: TradingView
When we examine the Ethereum price chart, we see that it experienced a drop to levels of $1902 after encountering sales from the important resistance range of $1940 – $1910.
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If ETH cannot make 4-hour candlestick closures above the resistance zone mentioned in the analysis above, it can realize the downward movement to the range of $1830 – $1817.
If It Holds on to the Important Support Zone, Can It Start to Rise?
Ethereum’s important support range is the zone of $1830 – $1817. If ETH makes 4-hour candlestick closures above the level of $1817, it can realize a rise movement up to the level of $2130.
If the ETH price makes daily candlestick closures above the level of $2130, it can realize the next rise movement up to the level of $2300.
If Ethereum makes daily candlestick closures below the level of $1779, the downward target will be the level of $1680.