Ethereum Mid-Term Outlook

Hello friends!

I'd like to share my thoughts on Ethereum's mid-term outlook, focusing on key levels that could determine the direction of the market.
For a bullish scenario to remain valid, it's crucial that the support level at around 1600 remains untouched.

Maintaining this level will be essential for Ethereum's upward momentum.

Looking ahead, I anticipate a potential horizontal range and psychological level at 2000, which could act as a resistance level.
This level is significant, as breaking through it could signal a strong bullish trend.
If this resistance level is broken, I believe there could be a significant price surge of at least 25%.

However, I'm not trading this until some positive price action occurs.

In conclusion, keep an eye on the support level at 1600 and the resistance level at 2000 for Ethereum's mid-term outlook.


Happy trading!