The Ethereum price is testing a key support level, and the market trend is uncertain
According to CryptoPotato, the price of Ethereum encountered selling pressure near $2700 and is currently testing a key support level. Technical analysis indicates that if the price breaks above $2400, it may trigger an uptrend towards over $2700; otherwise, it could fall to around $2000 near the 200-day moving average. The 4-hour chart shows the price gradually rising towards $2400, with RSI indicating strong buying momentum and a high possibility of breaking through the resistance zone at $2400.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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