CandleFocus

Ethereum Faces Uncertainty: Will It Break $2,460 or Fall Further?

The price of Ethereum (ETH) has decreased by 2.3% in the last 24 hours, falling to $2,188.96. It has also shown moderate volatility, moving between $2,104.64 and $2,270.74. There is a strong resistance at $2,460, where a large number of investors have acquired ETH. Breaking through this resistance could lead to a bullish rally. However, if ETH falls below the $2,100 support point, it may test lower levels of support. The recent trend has seen a decrease in demand for Ethereum ETFs, potentially due to economic uncertainties. However, if there is a resurgence of inflows, it could surpass the $3,000 resistance level.

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