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Reason to Trust
Ethereum Price Faces Major Resistance At $2,100
Ethereum price is bullish, and the leading altcoin is targeting new highs. However, ETH is set to face major resistance at $2,100, a level which it needs to break out from to achieve new highs.
Ethereum Price Analysis
In a TradingView post, Ben Gray revealed that the Ethereum price is facing a key resistance level at $2,160 even as it eyes a rally to new highs. Despite this development, the analyst asserted that ETH’s market is bullish. While noting that the leading altcoin is fluctuating between $2,044 and $2,080, he remarked that there are signs that Ethereum initially formed a bottom.
Related Reading
- Ethereum looks to reclaim all-time high
- Ethereum price: analyst assess ETH’s future trajectory
Why ETH Has Bottomed
In an X post, crypto analyst Titan of Crypto stated that the Ethereum price is showing signs of bottoming. He revealed that the weekly Stochastic RSI bullish crossover is in oversold territory, a development that has often signaled market bottoms for ETH. His accompanying chart showed that the leading altcoin could rally to as high as $6,000 as it records a bullish reversal.
Related Reading
- Ethereum price: analyst assess ETH’s future trajectory
- Ethereum price: analyst assess ETH’s future trajectory
Conclusion
Ethereum’s price is facing major resistance at $2,100, but the leading altcoin is targeting new highs. The analyst’s assessment is bullish, and there are signs that Ethereum has initially formed a bottom. It is essential to monitor the key resistance level of $2,160 to determine the altcoin’s trajectory in the short and mid-term.
FAQs
Q: What is the current Ethereum price?
A: The current Ethereum price is around $2,022.
Q: What is the key resistance level for Ethereum?
A: The key resistance level for Ethereum is $2,160.
Q: What is the expected range for Ethereum’s price in 2025?
A: The expected range for Ethereum’s price in 2025 is between $2,904 and $4,887.
Q: What is the current market sentiment for Ethereum?
A: The current market sentiment for Ethereum is bullish.
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