>> The price #ETH is currently around 4,400 $ and has recorded a drop of about –7% in the last 24 hours.
Important levels to watch in the market:
• Strong resistance between 4,350 $ – 4,600 $
• Key support around 4,000 $, with additional support near 4,180 $ – 4,220 $
What does this mean?
Ethereum is still in a long-term upward trend, but the market may enter a slight correction if the current resistance fails. However, if it can strongly exceed 4,600 $ , we might see a move towards 5,000 $ or even higher.
The question for you: Do you expect the price to retreat towards 4,000 $, or will breaking resistance open the door for new upward movements?