Ethereum’s Next Move Could Be Determined by These Critical Price Levels

MakroVision, a cryptocurrency analysis firm, has highlighted critical price levels for Ethereum (ETH) that could determine its next direction.

The firm’s latest report explains that Ethereum faced a strong rejection at the red trendline during a corrective phase, which caused a significant drop below $2,880.

However, the cryptocurrency quickly recovered, similar to the broader market, suggesting the possibility of bullish momentum.

The analysis suggests that Ethereum must regain the $2,810 to $2,880 range to maintain its upward trajectory. If ETH holds above this level, it could pave the way for further gains.

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The $3,273 price point is also noted as a key resistance level. A breakthrough above this mark would signal a strong bullish shift, potentially leading to more upward movement.

MakroVision concludes that while Ethereum is still in a recovery phase, its future price performance will depend on successfully clearing these resistance levels.

A move above $2,880 in the short term would be crucial to sustaining momentum, while surpassing $3,273 could confirm a more pronounced bullish trend.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.