🚨The price of Ethereum has lost an important support level at US$ 3.000 and is now trading around US$ 2.957. The next destination for Ethereum is uncertain, but some analysts believe it could drop to US$ 2.875 or even US$ 2.820 if it fails to maintain above the level of US$ 2.900 ¹ ².
- *Support*: The initial support is between US$ 2.935 and US$ 2.900. If Ethereum cannot stay above this level, it may drop to US$ 2.875 or US$ 2.820.
- *Resistance*: The immediate resistance is between US$ 3.045 and US$ 3.095. If Ethereum can surpass this level, it could rise to US$ 3.275 or US$ 3.300.
- *Trend*: The short-term trend of Ethereum is neutral, with a bearish inclination.
- *Institutional accumulation*: Institutional accumulation is supporting Ethereum's long-term outlook.
Reshites:
- The price of Ethereum is trading around US$ 2.957.
- The initial support is between US$ 2.935 and US$ 2.900.
- The immediate resistance is between US$ 3.045 and US$ 3.095.
- The short-term trend of Ethereum is neutral, with a bearish inclination.
