CandleFocus

Ethereum is trading at $2,148 while testing $2,100 support

Ethereum is trading at $2,148 while testing $2,100 support
The price of Ethereum is currently testing a critical support level of $2,100, which has been historically significant. It has weakened its bullish structure by closing below the 200-week moving average. Traders are watching to see if Ethereum will rebound or experience further decline. The next move will determine whether Ethereum will recover towards the $2,475 level or face a potential deeper loss. If it can reclaim $2,475, it may indicate renewed strength, but a confirmed breakdown could put focus on the major support level of $1,800. The market is in suspense, waiting for a move that will signal the next major trend for Ethereum. Traders are closely monitoring the price action to determine if there will be a bounce or a deeper decline.

Related News