SasanSeifi|Will $1800 Be Ethereum's Next Support Level?
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Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level.
In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement.
Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level.
In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement.
Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
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Based on previous analyses, Ethereum has seen a price movement from the $2000 level back to around $2700 in the long-term timeframe. However, it faced rejection from the key resistance zone and experienced a 14% correction. Currently, the price is ranging between $2200 and $2700, with past analyses still holding valid.
The bearish outlook remains intact. If Ethereum breaks below the $2200 support and establishes a lower price, we may see further corrections towards the $2000 to $1800 levels. It’s important to monitor how the price reacts within this zone to better understand future movements.
On the other hand, the key resistance lies at $2700. In the short term, if demand picks up and Ethereum breaks above $2700 with strong momentum, we could see further growth towards the $3000 to $3200 range.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.