Ethereum Faces Key Resistance Levels Amid Price Correction
- Ethereum price tested the $2,200 mark before starting a downside correction.
- The price is currently trading above $2,065 and the key support level at $2,030.
- Resistance levels are identified at $2,135 and $2,150.
- A break below the $2,030 support could lead to further declines toward $2,000 or lower.
Ethereum’s recent rally saw it surpass several resistance levels before hitting a high of $2,200. However, the price has since corrected and now faces significant resistance at $2,135 and $2,150.
Maintaining support above $2,030 is crucial for Ethereum to avoid further losses and potentially target higher resistance zones again in the future. (Source)
