CandleFocus Ethereum (ETH) Price to Unlock $2,800 if This Condition Holds
2024-09-13
Author: Content Editor
The article discusses the potential for Ethereum's price to climb despite facing challenges. On-chain analysis suggests that Ethereum may avoid capitulation, as the In/out of Money Around Price (IOMAP) metric shows significant support around $2,345. Higher volume in profit indicates strong support, while higher volume at a loss could lead to resistance. The Chaikin Money Flow (CMF) also suggests increased buying pressure and the potential for Ethereum to recover and push its price higher. However, traders should be cautious of market volatility, as a shift from bullish to bearish could lead to a drop in price.
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