#ETHcross2700 $ETH is continuously breaking its resistance levelsšš«Ø
Ethereum's price experienced a nearly 50% increase over the past week, breaking through significant resistance levels. Technical indicators, such as the formation of a bullish flag pattern and a break above a bearish trend line at $2,450, suggest continued upward momentum. The price reached a high of $2,736 before a minor correction, with support levels now observed around $2,575 .
Given the current momentum, analysts are optimistic about Ethereum's near-term prospects. If the price sustains above the $2,700 level and overcomes resistance around $2,750, Ethereum could target the $2,880 to $2,950 range in the coming sessions. However, traders should remain cautious of potential volatility and monitor key support levels .
But it could possibly come downwards because of long positions every one should have placed long positions in
$ETH thatās why there could be a fall down, and for that traders who have put Eth in short positions market could possibly liquidate them around the price between $2800 to $2900.
Whatās your suggestions expertās?
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