ETH at Key Support: Bounce or Break?
Güncellendi
Ethereum (ETHUSD) is currently trading around $2,548 after experiencing a sharp decline from recent highs. The price action has brought Ethereum into a key support zone between $2,500 and $2,600, which aligns with the 50 and 200 moving averages.
Two potential scenarios are visible on the chart. The first scenario (blue arrow) suggests a bearish continuation where Ethereum could break through the support level and fall towards the next significant demand zone around $2,360. The second scenario (red arrow) points to a possible rebound from the current zone, pushing the price back up toward the previous resistance around $2,617.
Two potential scenarios are visible on the chart. The first scenario (blue arrow) suggests a bearish continuation where Ethereum could break through the support level and fall towards the next significant demand zone around $2,360. The second scenario (red arrow) points to a possible rebound from the current zone, pushing the price back up toward the previous resistance around $2,617.
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