Price: ETH is currently trading at $2,472.52, up by 1.35%.
Resistance: The nearest resistance level seems to be around $2,480, which could act as a key area to watch for potential rejection.
Support Levels: Strong support levels at $2,458, $2,438, and further down at $2,421.
Trend: The recent sharp upward movement indicates a bullish trend. However, if ETH fails to break above $2,480 convincingly, there could be a pullback toward the support levels.
This would be a good moment to either wait for confirmation of a breakout above resistance for buying or consider shorting if price reverses. What are your next plans for this trade?
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