Ethereum ( $ETH ) Price Analysis

Ethereum has been consolidating in a downward pattern, testing key levels and showing signs of a potential bullish breakout. Here’s the breakdown:

• Resistance Zone: Ethereum faces strong resistance around $2,750. A break above this level could push ETH toward $2,900 and potentially even higher targets.

• Support Levels: The key support levels are around:

• $1,850 (a solid area for potential bounce)

• $1,672 (strong demand zone)

Scenarios to Watch:

• Bullish Breakout: If Ethereum manages to break above $2,100, it could target $2,750 and potentially $2,900.

• Bearish Pullback: In case of rejection, expect ETH to test the lower support around $1,850 and potentially retest $1,672.

Ethereum’s future move heavily depends on how it handles these support and resistance levels. Watch for a breakout or breakdown in the near future!