ETH unlikely to dip below $2,000

ETHUSDT Technical Analysis Update:

There are two potential scenarios for a rebound.

Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level.

Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries psychological significance as support for ETH.
If Ethereum (ETH) price reaches the $2,000 level, the 100-day Exponential Moving Average (EMA) could act as a potential support in the day chart.

Ethereum price may consolidate above the $2,000 support level for a month before the upward move.

I believe the ETH price is unlikely to fall below $2,000

註釋

ETH price touched its 1st major support at $2140

註釋

Currently, the Price bouncing from $2140 support.

註釋

6%+ up from the $2140 Support.