Ethereum Price Chart Analysis
#Ethereum currently trading at $1785, up 115% from the bear market bottom
Chart shows #ETH forming a bear pennant pattern, which is typically bearish
Below $2300 resistance could see a downward break targeting support at $1500
As long as $1500 holds, the upside potential remains
Losing $1500 support would open the door to a steeper fall under $1000
If ETH breaks pennant resistance at $2300, could signal start of new bull market with $3600 target
Key Levels:
Support - $1500
Resistance - $2300
Ethereum sits at a critical juncture technically. Need to watch $2300 and $1500 very closely to gauge next direction.
Bullish over $2300, bearish below $1500.Managing risk at these levels is crucial.
Stay nimble!
