The price of Ethereum (ETH) has experienced fluctuations recently, with a 20.37% decline over the past week. However, technical charts suggest that there is strong support around the $2,100–$2,150 level, which could lead to a potential rebound if maintained. On the upside, key resistance is observed in the $2,300–$2,350 range, and a break above this resistance could trigger a short-term rally. The RSI and MACD indicators indicate that Ethereum is currently neither overbought nor oversold, and a shift in momentum could be indicated by a bullish crossover. Despite the recent decline, Ethereum's trading volume remains robust, suggesting sufficient market participation. A short-term rebound is plausible if buying interest strengthens and volume increases, potentially leading to a test of the resistance zone between $2,300 and $2,350. A decisive breakout above $2,350 could attract significant bullish momentum. However, if market sentiment remains cautious, Ethereum may enter a consolidation phase. It is important to conduct thorough research, assess risk tolerance, and seek financial advice before investing in Ethereum.



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