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$ETH ETH Analysis – Important Resistance Zone
Ethereum is currently trading near a major resistance zone around $2,300–$2,360. On the daily timeframe, price has recovered strongly from the February lows and is now testing both the descending 100-day moving average and a key horizontal resistance area.
The chart also shows an ascending trendline from the recent lows, which means buyers are still active and momentum remains positive as long as price stays above that support.
Bullish Scenario:
If ETH breaks and closes above the $2,360 resistance zone, the next targets could be around $2,500 and then $2,650.
Bearish Scenario:
If
$ETH ETH gets rejected from this level, price could retest support near $2,150 and possibly the ascending trendline around $2,000.
Key Levels:
• Resistance: $2,360 – $2,400
• Support: $2,150 – $2,000
• Trend Bias: Neutral to Bullish above support
Always wait for confirmation before entering a trade and use proper
risk management.
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