CandleFocus

Ethereum Stays In Its Range And Falls From A High Of $2,800

Author: Content Editor
The price of Ethereum (ETH) reached a high of $2,758 before being pushed back, marking the fifth attempt to break the $2,800 resistance level. Ether has been trading between $2,200 and $2,800 and is currently dropping towards the moving average lines. The uptrend will continue if it stays above these lines, but selling pressure could cause a crash and a return to previous lows above $2,300. The resistance levels to watch are $4,000 and $4,500, while support levels are at $3,500 and $3,000. The 4-hour chart suggests that Ether is in an upward correction but is facing resistance at $2,800. This analysis is not a recommendation to trade and readers should conduct their own research before making any investment decisions.

Related News