#ETHCrossed2500 Ethereum (ETH) recently broke through the $2,500 level and is currently trading around $2,470-$2,480. Although there are signs of bullishness, some analysts warn that the price structure is still fragile and the market could experience a correction in the near future.
Factors Affecting ETH Price:
- Market Sentiment: Positive market sentiment towards cryptocurrency can drive ETH prices up.
- DeFi Activity: Increasing DeFi activity can raise demand for ETH and push its price higher.
- ETF Momentum: ETF momentum can help boost ETH prices.
ETH Price Predictions:
- Continue Upward: If ETH manages to break through the $2,820 resistance, the price may head towards the next resistance level at $2,920 and even $3,000.
- Pull Back: If ETH fails to break through the $2,780 resistance, the price may experience another decline and reach support at $2,640 or even $2,550.
Currently, ETH shows some bullish signals, but it is important for investors to monitor technical indicators and key support levels to anticipate the next price movements.$ETH