CandleFocus Ethereum Price Revival: What the Signs Say About Its Next Move
2025-01-24
Author: Content Editor
The Ethereum price is currently consolidating above the $3,180 support level and needs to surpass the $3,350 resistance level to resume its upward trend. It has recently experienced a decent increase, surpassing resistance levels at $3,220 and $3,250. There was also a break above a key bearish trend line with resistance at $3,280. However, the price faced a hurdle near $3,350 and has since moved lower. The $3,350 and $3,370 levels serve as major resistance levels, and if they are surpassed, the price could rise towards $3,500 or even $3,550 in the near term. On the downside, initial support levels are at $3,260 and $3,220, with further support levels at $3,180 and $3,120. The technical indicators, such as the MACD and RSI, suggest a bullish momentum for Ethereum.
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