Ethereum

Ethereum (ETH) is currently in a crucial stage with its price fluctuating around $2,400. The traders are interested to know if it would be possible for the asset to reclaim important levels for the next upturn or whether the decline will continue.A recent analysis by VeLLa Crypto shows two major price levels. The first is $2,433- a level that Ethereum needs to overcome to move to the next level. If <a href="https://cryptotale.org/eth-faces-2-3k-support-test-2-77m-addresses-buy-52-65m-eth/" rel="noopener noreferrer nofollow">Ethereum</a> gets to this area, the next level to look at is $2,662 with the prices preparing for a bullish run. However, the downside risk is still there. If ETH fails to sustain the current levels of price, it may pull backward to $2,328 before giving another jump to $2,662 price range.The technical indicators point to mixed signals. Ethereum’s 50-day Exponential Moving Average (EMA) is acting as a potential support zone, currently sitting at $2,745. Historically, reclaiming the 50-week EMA has been a bullish indicator for the cryptocurrency. On the downside, the 200-week EMA, at around $2,104, has previously marked the bottom of major corrections. This level could act as a strong support if Ethereum sees another sharp correction.<a href="https://cryptotale.org/ethereum-nears-key-level-can-it-reclaim-2433-for-a-rally/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Nears Key Level: Can It Reclaim $2,433 for a Rally?

CryptoTale

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