Ethereum

Resistance

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<ul class="wp-block-list"><li>Ethereum's price tests $2,350 support, a crucial level for a potential recovery toward the $3,000 resistance zone amid market fluctuations.</li><li>The MACD indicator signals bearish momentum, with the MACD line at -174.04 and RSI at 37.20, indicating weak buying pressure near key support.</li><li>A breakout above $2,350 could push Ethereum higher, targeting resistance at $3,000 and $3,800 if demand strengthens in the coming sessions.</li></ul>Ethereum is testing a critical support level as it moves within a parallel channel. The asset's price action is focused around $2,350, which serves as an important level for potential recovery. A successful move above this threshold could lead to a significant rebound, with targets set between $3,000 and $4,000.<h2 class="wp-block-heading" id="ethereum-s-current-price-action">Ethereum’s Current Price Action</h2>According to analysis by Ali Charts, <a href="https://cryptofrontnews.com/top-new-meme-coins-to-join-this-week-btfds-3650-roi-turns-market-crash-into-cash-while-shiba-inu-faces-a-wipeout-and-floki-burns-big/" rel="noopener noreferrer nofollow">Ethereum's price chart</a> shows fluctuations over the past year, reaching peaks above $4,000 before declining sharply. The price dropped below $2,250, touching support near $2,135 before rebounding. Resistance is seen around $3,000, with another level near $3,800.&nbsp;<figure class="wp-block-image"><a href="https://x.com/ali_charts/status/1897334542584963137" rel="noopener noreferrer nofollow"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdlIyb7XJvJ-0kvUQH98Gi6k84EcsA99fo738OEsoBezBXn3kk-fIT2YQHsLBb78jZ6I1pDz0fU4EzUjRq0hws5MJZ9tEuMYVkMvn294hNlcK9bK_lZm6Xoe9ppezJFtfCb4ufm?key=5vx9mTWsKHx0Np6_AllHuJvE" alt=""></a><figcaption class="wp-element-caption">Source: Ali Charts (X)</figcaption></figure>The market recently experienced volatility, with a strong decline followed by a recovery attempt. The asset has been trading within a defined range, with the lower boundary acting as a key support level. Ethereum’s ability to stay above this range remains crucial for any upward momentum. If buyers reclaim control at $2,350, a stronger move toward higher price levels could follow.<h2 class="wp-block-heading" id="potential-recovery-scenarios-and-market-insights">Potential Recovery Scenarios and Market Insights</h2>According to TradingView data, the <a href="https://cryptofrontnews.com/top-cryptos-to-invest-in-right-now-qubetics-to-hit-1-vechain-expands-to-200-partners-and-injective-leads-defi-revolution/" rel="noopener noreferrer nofollow">Ethereum (ETH) chart shows bearish </a>momentum, with the MACD histogram at -15.83 and both the MACD line (-174.04) and signal line (-158.21) below zero, indicating downward pressure. The RSI stands at 37.20, nearing the oversold zone, suggesting weak buying strength.<figure class="wp-block-image"><a href="https://www.tradingview.com/x/5gGv0yT8/" rel="noopener noreferrer nofollow"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdyyFRx-3FO80ohiySdbKMl-KeIEtSaPf16fcGo6_2vHlmR9ZDgLqQeGGv73pJsk85j9AFFlPsDhYRcCQVpILyBkrZrEojBd1sgBAjR4WOZTJFiEiQA6g6IP8jfteXEyEM1-3hktg?key=5vx9mTWsKHx0Np6_AllHuJvE" alt=""></a><figcaption class="wp-element-caption">Source: TradingView</figcaption></figure>If RSI drops below 30, ETH could see further declines. However, if RSI rebounds above 40 and MACD lines cross bullishly, a short-term recovery is possible. Support lies near $2,000, while resistance is around $2,500.Breaking above the $2,350 would generate enough buying pressure for the path to the higher ground to be opened. Again, going a level beyond may be used by technical analysts to signify a change of trend.&nbsp;This particular price area is important since the asset has previously responded to it in some way with trading. If the reclaim is successful, Ethereum could reach the $3,000- $4,000 symbol. Implementing the move would entail market demands and positive market conditions.The post <a href="https://cryptofrontnews.com/ethereum-tests-key-support-as-price-eyes-recovery/" rel="noopener noreferrer nofollow">Ethereum Tests Key Support as Price Eyes Recovery</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Ethereum Tests Key Support as Price Eyes Recovery

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