CryptoPotato: Ethereum is currently in a critical price range
After rising to $2400, the price of Ethereum has experienced a pullback. Currently, ETH is in a crucial price range, and breaking through this range will determine the next trend. Looking at the daily chart, Ethereum shows a strong upward trend and has pulled back above the resistance level of $2100. From the 4-hour chart perspective, when facing key resistance levels, Ethereum's momentum weakens; at the same time, there is bearish divergence leading to a significant pullback. However, Ethereum has entered a critical support area including Fibonacci levels of 0.5 ($2211) and 0.618 ($2166), as well as static support at $2000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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