Ethereum

<h2 id="span-data-font-font-size-style-font-size-20px-eth-corrected-below-2-000-needs-1-920-support-for-a-rebound-br-span">ETH corrected below $2,000; needs $1,920 support for a rebound. </h2>
<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" class="f-link" style="font-size: 16px; background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">Ethereum</a> recently faced a notable decrease, witnessing a 6.80% drop in a span of five days, bringing its value down to $1,990. This downturn happened concurrently with Bitcoin's retreat to $36,000, leading to uncertainties about Ethereum's future direction. The profit-taking by significant Ethereum holders suggests a possible correction, while the introduction of a BlackRock spot Ether ETF could strengthen Ethereum's standing in the market. 
<h3 id="span-data-font-font-size-style-font-size-18px-span-technical-view-span-span">Technical View:</h3>
According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, In the last month, Ethereum has rebounded by 38.44%, ranging from $1,543 to $2,136. Despite this recovery, a closer look at the daily chart reveals a rising wedge pattern influencing ETH for the past 16 months. The price recently pulled back to $2,200 near the upper trendline, possibly to gather bullish momentum. To sustain upward movement, it needs to stay above $1,830 support for a potential 9% surge to $2,240. However, past patterns indicate a retest of the resistance trendline may lead to increased supply pressure, potentially triggering a significant correction to around $1,700.
KEY LEVELS :
RESISTANCE LEVEL : $2,030-$2,070
SUPPORT LEVEL : $1,940-$1,880
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

ETHEREUM TECHNICAL ANALYSIS-$1986: Potential Upturn in Hesitant Rally?

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