$ETH 📈 Key Resistance Levels
• $2,800: A major resistance area, highlighted by several technical factors—including the 0.618 Fibonacci retracement, a key weekly support/resistance level, and the recent value area high.
• $3,100: Marked as a critical resistance by MVRV pricing bands. A breakout above this level could open the door to higher targets, with potential upside toward the $3,900–$4,000 range.
• $3,200 & $3,550: These represent the next resistance zones, with $3,200 standing out as the next key hurdle following a break above $3,100.
(Source: Analytics Insight)
📉 Key Support Levels
• $2,400: Seen as a vital support level. Holding above this could reinforce Ethereum’s bullish momentum and structure the foundation for further gains.
• $2,000: A strong psychological and historical support zone. A dip to this level may create a consolidation range between $2,000 and $2,800, offering Ethereum room to re-accumulate before the next breakout.