Ethereum

Daily

<p class="p1" style="text-align: justify">Technical analysis is an essential indicator for investors trading in the cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">market</a>, especially in the futures market. So, what clues does technical analysis provide for <a href="https://en.coin-turk.com/what-does-53400-eth-transferred-to-coinbase-mean/" data-wpel-link="internal">Ethereum</a>, which is currently trading at $2033? Let’s examine the detailed chart analysis, important support and resistance levels.</p> 
<h2 class="p1" style="text-align: justify" id="daily-chart-analysis-for-ethereum">Daily Chart Analysis for Ethereum</h2> 
<p class="p1" style="text-align: justify">Ethereum continues its movement within the ascending channel formation on the daily chart. The formation structure, which has been ongoing since July 2022, exhibits a noteworthy pattern in terms of Ethereum price dynamics. The process experienced at <a href="https://en.coin-turk.com/binance-excludes-pepe-from-its-flexible-loan-service-indicating-trust-issues/" data-wpel-link="internal">Binance</a> has caused a decline in the altcoin market, and it is also possible to observe this situation in Ethereum.</p> 
<p class="p1" style="text-align: justify">The most important support levels to be followed on the daily chart for Ethereum are respectively $1924, $1853, and $1752. If the daily bar closes below the significant defense level of $1924, it will lead to a loss of momentum in the Ethereum price.</p> 
<p class="p1" style="text-align: justify">The resistance levels that need to be considered for Ethereum on the daily chart are respectively $2039, $2129, and $2241. Especially, the daily bar closing above the significant barrier of $2129, which emerged during the recent uptrend, will help achieve significant momentum in the Ethereum price. Breaking the $2241 resistance will indicate the highest level in recent times.</p> 
<p><img decoding="async" class="aligncenter wp-image-279857 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/ethereum-gunluk-grafik-1.png" alt="" width="2474" height="1161"></p> 
<h2 class="p1" style="text-align: justify" id="two-hour-chart-analysis-for-ethereum">Two-Hour Chart Analysis for Ethereum</h2> 
<p class="p1" style="text-align: justify">The first notable formation on the two-hour chart for Ethereum is the contracting wedge pattern. This structure, occurring within an uptrend, also highlights a significant bullish scenario for Ethereum. ETH, which has touched the resistance level four times in a short period, has enabled investors to earn substantial profits, especially in the futures market.</p> 
<p class="p1" style="text-align: justify">The most important support levels to be followed on the two-hour chart for Ethereum are respectively $2015, $1984, and $1960. If the daily bar closes below the significant role played by the $2015 support level during the recent decline, it may disrupt the momentum in the Ethereum price.</p> 
<p class="p1" style="text-align: justify">The resistance levels that need to be considered on the two-hour chart for Ethereum are respectively $2039, $2068, and $2091. Especially, the daily bar closing above the $2068 level will help break the formation structure upward and assist Ethereum’s price in gaining momentum.</p> 
<p><img decoding="async" class="aligncenter wp-image-279858 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/ethereum-2s-grafik-1.png" alt="" width="2495" height="1149"></p> Continue Reading: <a href="https://en.coin-turk.com/ethereum-technical-analysis-important-levels-to-watch-2/" data-wpel-link="internal">https://en.coin-turk.com/ethereum-technical-analysis-important-levels-to-watch-2/</a>

Ethereum Technical Analysis: Important Levels to Watch

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