Ethereum (ETH) Support and Resistance – Key Levels to Watch
Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to be a focal point for traders and investors. Understanding its support and resistance levels is crucial for making smart trading decisions.
Support Levels:
Support levels act as price floors where buying interest tends to emerge. Currently, ETH shows strong support around:
$2,800 – A key psychological and technical level that has held in previous pullbacks.
$2,600 – Historically significant, marking a zone where bulls have stepped in to defend price.
Resistance Levels:
Resistance zones act like price ceilings where selling pressure may build. Watch for resistance around:
$3,200 – A recent local high and a critical breakout zone.
$3,500 – A strong barrier from earlier in the year, potentially triggering a surge if broken.
What to Watch:
A breakout above resistance could signal bullish momentum and a run toward higher levels, while a breakdown below support might trigger deeper corrections. As always, combine technical analysis with market sentiment and macro trends for the best results.$ETH