$ETH

Ethereum May Rise in the Short Term, But Still Relies on Two Key Levels

Not only Bitcoin, Ethereum (ETH) is also being evaluated by Stockton as showing signs of recovery in its upward momentum.

The two notable resistance levels for ETH are $1,850 – corresponding to the 50-day MA, and the area of $2,040 – which was a long-term support in the past. On the opposite side, the first support level is around $1,550, near the bottom at the end of 2023.

Although ETH may recover in the short term, the long-term trend still needs further confirmation, especially as the market remains sensitive to fluctuations from Bitcoin and macroeconomic factors.