$ETH At the moment, its price is $2,452.00.
Over the last 24 hours, it has fallen by 4.43%.
The bullish structure remains solid despite the price decline, as it still has the necessary strength to hold above $2,118.00. The drop so far has been mild; that is, it could extend into a larger correction, but there’s nothing to worry about.
In the short term, we continue looking for lower zones, since the weakness so far is extremely evident; therefore, as a first support point, the $2,420.00 area would be helpful.
Key zones:
• Support line: It’s in the $2,420.00 area. A pullback to this level is possible; you know what happens if that level is lost—exactly, you would be exposed to $2,118.00. The key is to stay above.
• Resistance line: It’s in the $2,800.00 area. This is a key ceiling to break to open room for upside. Otherwise, it will be weakened.
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