June 9, 2025

What’s the Current Situation with Ethereum? According to an Analysis Company, a Rally Could Come if This Level is Exceeded

1 min read

Cryptocurrency analysis company MakroVision has shared its new assessments regarding the current technical outlook of Ethereum (ETH). According to the analysis, Ethereum continues to follow a sideways trend after its previous rise, but the technical structure still remains positive. According to MakroVision, Ethereum has successfully tested the $2,400 support level once again and is holding above it. The price is currently trading sideways just below an area that previously acted as resistance. Analysts note that this is a typical consolidation process and could be setting the stage for the next big move. Related News: Experienced Analyst Reveals 4 Essential Conditions for the Mega Altcoin Season The important levels highlighted in the analysis are as follows: $2,820 – $2,880: Strong resistance zone and recent lower high $2,400: Important support level – Short-term bullish sentiment remains valid as long as this level remains above $2,132: Key support to watch for possible pullbacks MakroVision predicts that if the $2,880 level is broken, Ethereum could enter a new uptrend towards $3,275. On the other hand, although it would not technically be a problem if the price fell to $2,400 again, it warns that this situation could increase the risk of a downward break. *This is not investment advice. Continue Reading: What’s the Current Situation with Ethereum? According to an Analysis Company, a Rally Could Come if This Level is Exceeded

BitcoinSistemi logo

Source: BitcoinSistemi

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed