ETHEREUM ($ETH) 21 MAY 2024

Ethereum (ETH) remains bullish above the 65 Weekly EMA at $2,459.99. The long-term trend is considered up when ETH is trading above this level. A breakout above the nearest resistance at $4,014.42 could pave the way for further gains toward subsequent resistance levels at $4,797.51 and $5,580.60. In an alternative scenario, a break below $2,459.99 would trigger a deeper price correction toward support levels at $1,497.98 and $714.90.