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Support and resistance levels for Ethereum (ETH) as of today that can help you in making trading decisions:
๐ ETH Resistance Levels
1. $1,915 โ $1,950
This zone is an important short-term resistance area. A price close above $1,915 can open up the opportunity for a rise towards $1,950 and even $2,000.
2. $2,100 โ $2,200
This level becomes the next potential target if ETH successfully breaks the previous resistance.
๐ ETH Support Levels
1. $1,880
This is the nearest support that is important to maintain bullish momentum.
2. $1,845 โ $1,830
This zone previously functioned as resistance and may now become support if the price experiences a correction.
3. $1,750
A significant support level; if broken, it could indicate the potential for further declines.
Considering the factors above, ETH has the potential to continue its upward trend in the short term, especially if it successfully breaks the resistance level at $1,950. However, it is important to remain vigilant against possible price corrections and always use proper risk management in trading decisions.
Be Smart!