Ethereum (#ETH_USDT) Daily Chart Update

#Ethereum (#ETH_USDT) Daily Chart Update

Ethereum has recently displayed a bearish pullback after testing the key resistance level at $3,319.38. The price initially broke above the previous resistance at $2,790.99, which may now act as a new support level.

Key Levels to Watch:

Resistance 2: $3,319.38

Resistance 1 (Potential Support): $2,790.99

Lower Support Zone: The red area around $2,400

If ETH holds above Resistance 1 and shows a bullish daily close, it may signal the continuation of the recent uptrend, possibly leading to a renewed rally. However, a break below this level could indicate further consolidation or a potential retest of the lower support zone. Traders should monitor price action around Resistance 1 for confirmation of the next move.

#Ethereum