Here are the current key support and resistance levels for Ethereum (ETH):

Support Levels:

  • Around $4,200, near the current trading range and recent price floors

  • Psychological and technical support zones at approximately $2,800 and $2,600 from previous pullbacks

  • Additional deeper support zones near $2,400 and $2,100 based on past price rebounds

Resistance Levels:

  • Immediate resistance at around $4,450 to $4,600, representing recent consolidation and highs

  • Key resistance zones near $3,200 and $3,500 from earlier breaks and price ceilings

  • Stronger historical resistance at $3,200 to $3,550 noted in technical analysis

Summary:
ETH price finds buying interest near $4,200 and down to levels around $2,600-$2,800, which act as strong support zones. On the upside, $4,450-$4,600 serves as near-term resistance while breaking above key $3,200-$3,500 resistance levels would historically signal bullish momentum. Traders watch these support and resistance levels closely for potential price reversals, breakouts, or breakdowns. Combining these technical levels with market sentiment and volume helps in making informed trading decisions.

$ETH

Let’s proceed with the trade according to the plan outlined above by selecting the chart.

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