#cryptoMQ
ETH weekly chart analysis 📊
coin:$ETH
If Ethereum breaks the $1.600 spot, it's likely to test the next support zone near $1,500-$1,600. However, if it fails to hold this level, it could spiral downward toward deeper support zones ¹.
On the flip side, some analysts predict a bullish breakout, with Ethereum potentially reaching $3,500 ² ³. This would require a significant surge in buying pressure and a breach of key resistance levels.
To give you a better idea, here are some *key levels to watch:*
- *Support levels:* $1,600, $1,500, $1,400
- *Resistance levels:* $2,000, $2,400, $2,800
- *Bullish targets:* $3,000, $3,500
