📈 Key Resistance Levels
$2,800: A significant resistance zone marked by multiple technical indicators, including the Fibonacci retracement level of 0.618, a weekly support/resistance level, and the high value area of recent trading activity.
$3,100: Identified as a critical resistance level by the Market Value to Realized Value (MVRV) price bands. A successful breakout above this level could pave the way for further gains, potentially targeting the $3,900 to $4,000 range.
Analytical Outlook
$3,200 and $3,550: These levels are noted as subsequent resistance zones, with $3,200 being the next significant resistance after $3,100.
Analytical Outlook
📉 Key Support Levels
$2,400: A crucial support level that analysts believe Ethereum must maintain to confirm strength and sustain the upward trend. A retest of this level could provide a healthier structure for further ascent.
$2,000: A psychological and structural support zone aligned with historical demand. A retracement to this level would likely create a broader range between $2,000 and $2,800, forming a consolidation channel for Ethereum to re-accumulate before any major breakout.
