Ethereum Price Analysis: ETH’s Rejection at $2.7K Could Spell Further Trouble

Ethereum’s recent rejection at the key resistance region of the 100-day MA level suggests a false breakout and a potential short-term correction. However, a break above this threshold could trigger a bullish surge toward $3K. The price is expected to consolidate, with $2.4K as a critical support level. Technical Analysis By Shayan The Daily Chart

Source: Crypto Potato