Ethereum's Shocking Reversal! From Deep Drops and Despair to a Wild Surge, $2500 is Within Reach!
This time, Ethereum really made my heart race! The previous period was incredibly tough for Ethereum, as the price plummeted continuously. Several times, the drop was heartbreaking, falling below $2000, and on March 11, it even dropped to $1750, which was the lowest point since November 2023!
The recent 4-hour chart looks a bit different, hinting at a potential rise. The technical patterns indicate that Ethereum seems to be ready to fight back; the key resistance levels that previously hindered its price increase now seem to be within its confidence to challenge, giving the impression that upward momentum is beginning to build.
Since early March, Ethereum has been on a downward trend, scaring off investors, one after another. On March 10, the $2000 support was directly broken, and the price has been lingering at low levels since. But who would have thought that after hitting the low point of $1750, it began to rebound, slowly rising to around $1900.
Professional analysts also have their opinions; they believe that if Ethereum breaks through $1885, it will be a good opportunity. Although the price hasn't yet broken through the resistance level, if it does succeed, the target will be $2596. To prevent losses from a sudden price drop, they recommend setting a stop-loss at $1700.
I personally believe that Ethereum has considerable potential, and this time, rising from deep declines to challenge the $2500 mark is quite possible.
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