Ethereum's Technical Pullback Suggests Potential Rise to $3,300
(Technical Analysis at the End of the Post)
According to BlockBeats, analysts in the crypto market indicate that the recent pullback in Ethereum's price is merely a technical correction aimed at testing key support levels before launching again towards higher levels.
Key Predictions:
Titan of Crypto confirmed that the weekly Relative Strength Index (Stochastic RSI) is at 79, indicating that the upward momentum has not yet ended.
Chimp of the North sees that the pullback may extend to the support level of $2,400, but he expects a strong rebound afterwards, targeting the range of $3,000 to $3,300.
---
Quick Technical Analysis of ETH:
Strong Support: $2,400
Next Resistance: $3,000 then $3,300
Technical Indicators:
RSI indicates ongoing upward momentum.
The price is currently trading near the 50-day average, which enhances the chances of a rise after the correction.
Outlook:
If Ethereum holds the support at $2,400, we may witness a strong upward wave, especially if risk appetite in the market improves.
---
Do you expect ETH to rise to $3,300 soon?
Share your opinion in the comments, and share if you think the analysis is useful.
#ETH #Ethereum #cryptooinsigts #trneding #Follow_Like_Comment