Ethereum ETH Analysis – Weekly | May 11–17

Ethereum is currently trading at $2,930, and has been moving sideways for two weeks.

Important levels this week:

Support: $2,850– $2,780

Resistance: $3,050– $3,200

Expected scenario:

Breaking $3,050 could push the price to test $3,200 and then $3,450.

Breaking the support at $2,780 could open the door for a drop towards $2,600.

Advice: Keep an eye on news related to ETH 2.0 updates or network activity, as they directly affect the price.

What are your expectations for Ethereum this week? Up or down?

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