CandleFocus Ethereum Price Targets a Comeback: Will the Bounce Last?
2024-10-11
Author: Content Editor
The Ethereum price has experienced losses and is currently testing the $2,320 support level. However, it is expected to correct these losses and aim for an increase above the $2,420 resistance level. If the price manages to break above this resistance, it could lead to further gains and potentially reach the $2,500 resistance zone. On the other hand, if the $2,420 resistance cannot be cleared, Ethereum may experience another decline. Initial support levels can be found at $2,380 and $2,350. Additionally, technical indicators show positive signs with the MACD gaining momentum in the bullish zone and the RSI above 50.
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