ETH Faces a Critical Battle! A Break Above $3,273 May Trigger a Strong Rebound

According to the latest report from cryptocurrency analysis company MakroVision, Ethereum (ETH) has been under pressure from a red trend line during the correction phase, causing its price to fall significantly below $2,880. However, ETH quickly stabilized and rebounded, echoing the overall market trend, showing some bullish momentum.

Key Support and Resistance for ETH:

Support Range: $2,810 - $2,880 — Maintaining above this range is expected to continue the upward trend.

Key Resistance: $3,273 — A breakthrough at this level may open up greater upward potential and establish a strong rebound.

MakroVision believes that Ethereum is still in a recovery phase, and whether the price can rise further in the future depends on the effective breakthrough of these key levels. If it successfully rises above $3,273, market bullish sentiment may rapidly increase, leading ETH into a new round of price surges.

Investors should closely monitor the defense and offense of support and resistance levels, positioning themselves ahead of time to capture market trends!

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