Ethereum

<h2 id="eth-faces-challenges-in-surpassing-the-20-month-barrier-around-2-140">ETH faces challenges in surpassing the 20-month barrier around $2,140.</h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Ethereum has consolidated over several months, establishing an ascending triangle pattern.</li>
 <li>On the 4-hour chart, <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" rel="noopener noreferrer nofollow">ETH</a> price continues to trade within this ascending triangle setup.</li>
 <li>ETH has seen a gradual recovery in the last 20 months within a rising wedge pattern.</li>
 <li>Historically, the upper trendline of this pattern has induced heightened supply pressure, causing notable corrections.</li>
 <li>The ongoing upward movement towards the upper trendline requires a decisive breakout to confirm a bullish trend.</li>
 <li>A successful breakout has the potential to drive prices up to the $3600 mark.</li>
 <li>The critical question remains unanswered: Will bulls overcome the 20-month high, or will they encounter selling pressure?</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $2,140-$2,200 
SUPPORT LEVEL : $2,060-$2,020 
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 2,100: Wave-Maker or Hope-Shatterer

Table of Contents

Coingabbar

Other articles published on Dec 2, 2023

Join our free newsletter for daily crypto updates!