If Ethereum cannot break through with high volume, there is a strong likelihood that sellers will step in, causing a potential reversal. The next significant resistance level after $2,500 is approximately $2,750, where Ethereum has previously encountered rejections.
Historically, these moving averages have been trustworthy predictors of market direction and act as dynamic resistance levels. It will take a significant spike in volume, which the market is not seeing right now to break above both of these moving averages. Ethereum is expected to reverse if it is unable to muster the strength to overcome these resistance levels.
Historically, these moving averages have been trustworthy predictors of market direction and act as dynamic resistance levels. It will take a significant spike in volume, which the market is not seeing right now to break above both of these moving averages. Ethereum is expected to reverse if it is unable to muster the strength to overcome these resistance levels.
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