Currently, Ethereum $ETH (ETH) is at $2145, and this is a very important level from a technical perspective. Let me quickly clarify the picture for you:
2145 is close to strong support areas that were previously resistance, especially when looking at the recent upward waves.
If the price stays above this level, we might see a bullish bounce towards 2200 - 2250 as near targets.
However, a clear break below 2145 could push the price to test areas of 2100 - 2050.
From a broader perspective:
If Bitcoin intends to continue its journey #BTCBackto100K, it’s natural to see Ethereum also trying to regain levels of 2300 and above.
