Ethereum ($ETH) is showing bullish momentum with an Inverse Head and Shoulders pattern forming. Analysts predict a potential price increase.
Ethereum’s Buy Zone
Recently, Ethereum dipped into the $2,850–$2,920 range, identified by analysts as the 'buy zone'. This area has sparked increased buying interest, strengthening Ethereum's bullish outlook.
Key Resistance and Support Levels
Ethereum is facing resistance between $3,270 and $3,365. Breaking this could trigger a significant rally, while strong support remains at $3,175–$3,080.
Market Metrics and Insights
Ethereum is currently trading around $3,232.39, reflecting a 3.79% increase in the last 24 hours. This highlights investor interest and bolsters bullish signals.
With bullish technical patterns and increased market activity, Ethereum seems well-positioned for an upward move. The question remains whether it can maintain the momentum to reach new highs.
