Ethereum

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<ul>
 <li>Ethereum (ETH) finds strong support in the range of $2304 – $2284 on the 2-hour chart.</li>
 <li>Staying at these levels presents the potential for ETH to rise up to $2475.</li>
 <li>Investors can consider taking long positions on a drop to the support range of $2304 – $2284.</li>
</ul>
<p><strong>The technical analysis of Ethereum highlights prominent support levels on the 2-hour chart. The price staying above these supports creates a strong buying potential, indicating an upward movement towards $2475.</strong></p>
<h2 id="strong-medium-term-eth-analysis-strong"><strong>Medium-Term ETH Analysis</strong></h2>
<figure id="attachment_132371" aria-describedby="caption-attachment-132371" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-132371 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=696%2C338&amp;quality=70&amp;ssl=1" alt="3-Day ETH/USD Price Chart" width="696" height="338" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=300%2C146&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=1024%2C497&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=768%2C373&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=1536%2C746&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=2048%2C995&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=150%2C73&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=696%2C338&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=1068%2C519&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?resize=1920%2C933&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-1w-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-132371" class="wp-caption-text">
  3-Day ETH/USD Price Chart
 </figcaption>
</figure>
<p>According to the 3-day technical chart of Ethereum, ETH price has experienced a more than 5% increase today by surpassing the <strong>$2140</strong> resistance. As long as ETH remains above $2140, it may continue its upward movement towards the resistance range of $2500 – $2632.</p>
<p>If the ETH price achieves weekly closures above $2630, the next target could be $2950. Therefore, ETH investors may consider the upward trend to persist as long as price movements above $2140 continue.</p>
<p>In the event of a recent drop in ETH price to the range of <strong>$2140 – $2170</strong>, spot purchases may be considered for the $2500 target. Additionally, if Ethereum falls to the $2070 level, additions to spot investments could be made.</p>
<h2 id="strong-will-ethereum-sustain-its-upward-trend-short-term-eth-analysis-strong"><strong>Will Ethereum Sustain Its Upward Trend? Short-Term ETH Analysis</strong></h2>
<figure id="attachment_132372" aria-describedby="caption-attachment-132372" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-132372 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=696%2C338&amp;quality=70&amp;ssl=1" alt="2-Hour ETH/USD Price Chart" width="696" height="338" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=300%2C146&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=1024%2C497&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=768%2C373&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=1536%2C746&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=2048%2C995&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=150%2C73&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=696%2C338&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=1068%2C519&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?resize=1920%2C933&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/eth-usdt-2h-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-132372" class="wp-caption-text">
  2-Hour ETH/USD Price Chart
 </figcaption>
</figure>
<p>According to the 2-hour technical chart of Ethereum, the range of <strong>$2304 – $2284</strong> stands out as a significant support zone. If the ETH price drops to this support range, it may sustain its uptrend up to $2475 with a strong buying response.</p>
<p>In this scenario, ETH investors can consider taking long positions if the price falls to the $2304 – $2284 support range. However, if the ETH price closes below <strong>$2235</strong>, swing long trades initiated from this zone should be halted.</p>
<p>In the event of Ethereum’s continuation of the upward trend, altcoins in the ETH ecosystem may experience increases of more than 15%.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/ethereum-winks-at-2500-current-eth-analysis/">Ethereum Winks at $2500! Current ETH Analysis</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Ethereum Winks at $2500! Current ETH Analysis

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