Ethereum

Cryptocurrency

<ul>
 <li><a href="https://www.coingabbar.com/en/price-analysis/crypto-crossroads-can-bulls-rescue-ethereum-from-crucial-point" title="Ethereum Price" class="f-link" style="" rel="noopener noreferrer nofollow">Ethereum Price</a> has experienced a bullish trajectory over the past four months, marking an impressive 78% growth.</li>
 <li>The expanding channel's integrity suggests that the recovery of ETH price may persist.</li>
 <li>The market participants seem to have taken notice of this pattern structure, as ETH coin price has rebounded at least three times from both trendlines.</li>
 <li>Ethereum encountered difficulty in advancing beyond the $2,600 and $2,620 levels, hindering its upward momentum.</li>
 <li>Following this, ETH saw a reduction in gains and could face challenges in maintaining a position above the critical $2,500 support zone.</li>
 <li>In the event of a falling coin price, potential demand pressure is expected at $2430 and $2300 support levels.</li>
 <li>Anticipating a rebound, ETH price is likely to surge from the lower trendline, aiming to surpass $2700 and ultimately target the $3000 mark.</li>
 <li>The weekly analysis using Fibonacci Retracement indicates forthcoming <a href="https://www.coingabbar.com/en/price-analysis" title="Ethereum price prediction" class="f-link" rel="noopener noreferrer nofollow">Ethereum price prediction</a> around $3,100.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $2,560-$2,620
SUPPORT LEVEL : $2,450-$2,400
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Ethereum Price: Bulls Wrestle to Defend Crucial Support Post-Rejection

Coingabbar

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