💰💰What to Expect for Ethereum in the Coming Days? Rise or Fall? Analysis Company Revealed 💰💰

The cryptocurrency analysis firm MakroVision has published a new assessment report regarding the technical outlook of Ethereum. The report states that after the price of Ethereum declined to around $2,130, it showed signs of recovery by holding at this critical support level.

ETH tested the significant support area around $2,130 and made a strong bounce from there. The maintenance of this level was positively received by investors, and the price rose above $2,400.

MakroVision indicated that the market structure has not yet determined a clear direction, with neither a distinct upward breakout nor a structural deterioration occurring. According to the report, if Ethereum remains above $2,400, it is forecasted that the price could gain upward momentum between $2,740 and $2,880. For a continuation of upward movement in the short term, it is essential to maintain above the $2,400 level. However, if a breakout occurs below $2,130, there is a risk of a deeper correction in Ethereum's price, pulling back to around $1,730.

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