In recent weeks, Ethereum (ETH) has shown resilience, drawing traders' interest. Amid increased attention to the potential breakout above key resistance levels, we examine the current technical and individual aspects.
Current Price Dynamics of Ethereum
Currently, Ethereum is trading in the range of $2,620–$2,623, demonstrating a stable upward trend. Signals received from indicators suggest a recovery of buyer confidence, with buyers gradually taking control of the market.
Key Support and Resistance Levels
The chart shows Fibonacci levels, with key resistance located in the **$2,750–$2,800** range. Reaching this level would open the path to prices around **$3,000** and **$3,200**. The range $2,400–$2,500 has formed a solid support zone, indicating a high likelihood of continued growth.
Future Price Movements of Ethereum
Based on the current trend, ETH is expected to test the $2,750–$2,800 level soon. If a breakout occurs and this level is confirmed, further growth towards **$3,200–$3,300** is possible. However, if the market stalls or Bitcoin pulls back, the price may return to the $2,500–$2,550 zone.
Based on current dynamics and support levels, Ethereum seems poised for an attempt at growth. Monitoring key resistance levels will be critical for understanding future market movements.
