Українська
Русский
English
German analytical company identifies two critical price levels for Ethereum!
The cryptocurrency-focused analytical company MakroVision has published an updated assessment of Ethereum's short-term technical prospects. According to the analysis, Ethereum is struggling to recover due to selling pressure it has faced at critical resistance levels recently.
According to the assessment published by MakroVision, Ethereum encountered strong resistance, especially at the $2130 level, and has repeatedly bounced back from it. Analysts stated that this level is the most important threshold to overcome in the short term, while the $2400 level is highlighted as the next significant resistance zone. A breakout above this level could lead to a more noticeable improvement in market prospects.
As a support level, the $1900 mark is considered critically important for the current price structure. According to the analysis, Ethereum's ability to stay above this level will be crucial for short-term stabilization. However, a warning was given that a drop below $1900 could intensify selling pressure and push the price back towards the $1730 range.
Chart structure analysis shows that Ethereum has recently shown signs of limited recovery, forming higher lows, but upward movements continue to face selling pressure at resistance zones. This situation creates uncertain market prospects.
According to MakroVision's analysis, short-term prospects will remain weak if Ethereum fails to reclaim the $2130 level. It is noted that a break of the $1900 support level, in particular, could significantly increase the risks of a market decline.
See also: "Bitcoin Holds at $67,000 Amid Uncertainty in Iran"
