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What to Expect in Ethereum in the Coming Days? Rise or plummet? Analysis Company Announced
Crypto analysis company MakroVision has published a new analysis report on the technical outlook of Ethereum. According to the report, after the price of Ethereum fell to the level of 2,130 dollars, it showed signs of recovery by holding in this zone.
ETH tested the key support level at around $2,130 and rebounded strongly from this zone. The maintenance of this level was positively received by investors, and a rise above the $2,400 level was observed in the price.
MakroVision stated that the overall market structure has not yet determined a clear direction, meaning that neither an upward breakout nor a structural deterioration has been observed. According to the analysis, Ethereum holding above 2,400 dollars could allow the price to gain momentum towards the 2,740–2,880 dollar range.
It was emphasized that for the upward movement to continue in the short term, it is necessary to maintain above the $2,400 level. However, a potential breakdown below $2,130 brings with it the risk of a deeper correction that could pull the Ethereum price back to around $1,730.
*It is not investment advice.
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