🐳 ETH Update May 3, 2024

In addition to BTC, ETH is also an important factor that directly affects the entire market that we need to monitor. Join Trading Insight to quickly update ETH trends!

👉 ETH is remaining in the bearish zone on the long time frame, remaining in the 400-500 price range.

👉 The major psychological support and resistance zone and a good base for ETH are currently $2,500-2,750, which is a safe price zone that can create cumulative price increases for ETH when the market fluctuates.

👉 ETH ETF is expected on May 23, according to myself, ETH will not be approved, in terms of price, it will be pumped up whether approved or not. The market will still have a way to work to bring ETH back to the price level above $ 3,000 and approach $ 3,800 soon.

Although the main trend is still down, I still have a positive perspective on ETH re-pumping and having a new ATH. Breaking the hard resistance zone at $4,000

If nothing changes, I will buy ETH when the proposed entry arrives.

What do you think about ETH, what is a good price for you to buy?