Based on the ETH/USDT chart 1-day timeframe , $ETH
here's the support and resistance analysis:
📊 Key Levels:
🔼 Resistance Levels:
$2,879.22 – Recent swing high (strong resistance).
$2,639.83 – Previous consolidation and rejection area.
$2,616.99 – EMA(7), acting as dynamic resistance.
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🔽 Support Levels:
$2,553.62 – EMA(25), near current price (immediate support).
$2,355.54 – EMA(99), long-term support level.
$2,330.02 – Horizontal support zone seen from chart.
$2,020.22 – Strong support from prior price base.
🧭 Summary:
ETH is currently at $2,555, facing resistance near $2,616–$2,639, with solid support around $2,330–$2,355. A break above $2,640 may aim for $2,879+, while a drop below $2,330 could retest $2,020 levels.