đ¨ $ETH /USDT WATCH: Ethereum Testing Major Support â Will Bulls Hold the Line? âĄđŻ
Ethereum ($ETH ) is currently trading at $2,461.30, down 3.47% over the last 24 hours. With ETH testing a critical support level, the market is at a pivotal point â either a bounce back or a breakdown could shape the next moves. Hereâs what to watch:
đĄ Key Levels to Monitor:
Immediate Resistance: $2,474 â A push above this could trigger a short-term rally.
Primary Support: $2,382 â This level is crucial to maintain bullish sentiment; falling below could lead to further losses.
Critical Breakout Target: $2,566 â Reclaiming this level could set ETH on a recovery path toward higher resistance.
đ Price Targets:
1. Near-Term Bounce Target: $2,474 â Testing this could signal the start of a recovery.
2. Mid-Term Resistance Level: $2,536 â A successful break here would strengthen bullish confidence.
3. Extended Upside Goal: $2,605 â A breakout above this zone could lead ETH back to stronger gains.
$ETH traders should stay alert as the next movements will likely determine the trend. Watch for confirmations around key levels to make informed decisions! đĽ
