For the coming week, Ethereum (ETH) is showing some challenges in terms of its performance. Currently, the price of ETH is trying to overcome a key resistance around $2,600, but it has shown some weakness after a failed attempt to break this barrier. If the price fails to stay above this level, it could retreat towards $2,482, which corresponds to its 20-day exponential moving average. On the other hand, if it manages to hold, ETH could head towards a range of $2,723 to $2,833 (its 100-day and 200-day moving averages, respectively) ïżŒ ïżŒ.
As for the overall market context, uncertainty surrounding selling by large institutions and the behavior of Bitcoin are also affecting ETH's performance. The volatility of the cryptocurrency market in general suggests that investors should keep an eye on these movements to make informed decisions.
If you are considering investing, it is advisable to keep a close eye on the support in the $2,480 area and assess whether ETH can settle above $2,600 before making any major moves.#TopCoinsSeptember #AirdropGuide #MarketDownturn #
