Ethereum Struggles at Key Resistance Levels Amid Market Uncertainty
- Ethereum has been trading between $2,650 and $2,750 for the past week.
- The $2,800 level is a critical supply zone for Ethereum’s potential recovery.
- If ETH fails to hold above $2,600, it may face a deeper correction.
- Analyst Jelle notes ETH is inside a multi-year ascending triangle pattern.
- A breakout above $2,800 could lead to a move toward the $3,000 resistance level.
Ethereum’s price has been fluctuating between $2,650 and $2,750 recently. Analysts highlight the importance of breaking the $2,800 mark to trigger a potential recovery towards $3,000. However, failure to maintain levels above $2,600 could result in further declines.
Source (2.6)https://www.newsbtc.com/news/ethereum/ethereum-holds-multi-year-bullish-structure-time-for-a-comeback/?rand=52377
