Fade

<h2 id="span-data-font-font-size-style-font-size-20px-eth-consolidates-above-2-000-support-poised-for-a-potential-uptrend-br-span">ETH consolidates above $2,000 support, poised for a potential uptrend. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Ethereum's price has undergone a multi-month consolidation, forming an ascending triangle setup.</li>
 <li>The presence of overhead supply at $2133 is aiding sellers in establishing a bearish reversal pattern known as a double top.</li>
 <li>Over the last 20 months, <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" class="f-link" rel="noopener noreferrer nofollow">ETH</a> price has witnessed a modest recovery within a rising wedge pattern. Historically, the upper boundary of this trendline has triggered increased supply pressure, leading to significant corrections.</li>
 <li>The current upward movement towards the upper trendline necessitates a decisive breakout to confirm a bullish trend. A successful breakout could potentially propel prices to the $3600 mark.</li>
 <li>Failure to sustain the $2000 level may trigger panic selling, following the indications of the Double Top Pattern.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $2,060-$2,100
SUPPORT LEVEL : $2,000-$1,960
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-DOLLAR 2,033: A Prelude to Renewal or Fade

Table of Contents

Coingabbar

Other articles published on Nov 30, 2023

Moonbeam Network Partners With DUX, Grupo RÃO to Launch Brazil’s Largest Web3 Loyalty Program (30...

Top Crypto That Sets To Skyrocket After Bitcoin Halving

Goodbye To BUSD: Binance Announces Complete Phase-Out By December

Microsoft to invest record $3.2B in UK AI infrastructure

KyberSwap hacker demands full control over the DEX at ‘fair valuation’

XRP Enters EUR Trading on Leading Crypto Platform!

Join our free newsletter for daily crypto updates!