- Can Ethereum rise to $2,300 levels?
- What can investors expect from Ethereum?
- Strong support and resistance levels for ETH!
Will Ethereum continue to rise? Where are Ethereum’s strong support and resistance levels? Current ETH analysis!
Medium-Term Ethereum Price Analysis!
4 Hour ETH Price Analysis Source: TradingView
When we examine Ethereum’s 4-hour price chart, we can see that it experienced a drop to the $2,041 levels after encountering sales at the $2,138 level. The Ethereum price is currently moving around the $2,092 levels.
When we examine Ethereum’s technical chart, if the ETH price makes 4-hour candlestick closings above the $2,110 level, it can continue its upward trend to the $2,220 levels.
If Ethereum makes daily candlestick closings above the $2,220 level, it can realize its rise to the $2,308 levels.
If Ethereum cannot break its resistance at the $2,110 level, it can realize its downward movement to the $1,941 – $1,916 levels.
Short-Term Ethereum Price Analysis!
30 Minute ETH Price Analysis Source: TradingView
When we examine Ethereum’s short-term price chart, it continues its horizontal movements in the 30-minute time frame. If the ETH price makes 30-minute candlestick closings above the $2,133 level, it can continue its upward trend.
If the ETH price rises to the $2,133 level and stops short orders in that price range, it can start its downward movement from that area again. This situation is called “liquidity cleaning” in technical terms.
If the ETH price rises to the $2,133 level and cannot maintain its stability above that price range, it can start its downward trend again from that area.
If the ETH price cannot make 4H candlestick closings above the $2,133 level, it can realize its downward movement to the $2,009 levels.
