Fade

<h2 id="span-data-font-font-size-style-font-size-20px-eth-consolidates-above-2-000-support-poised-for-a-potential-uptrend-br-span">ETH consolidates above $2,000 support, poised for a potential uptrend. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Ethereum's price has undergone a multi-month consolidation, forming an ascending triangle setup.</li>
 <li>The presence of overhead supply at $2133 is aiding sellers in establishing a bearish reversal pattern known as a double top.</li>
 <li>Over the last 20 months, <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" class="f-link" rel="noopener noreferrer nofollow">ETH</a> price has witnessed a modest recovery within a rising wedge pattern. Historically, the upper boundary of this trendline has triggered increased supply pressure, leading to significant corrections.</li>
 <li>The current upward movement towards the upper trendline necessitates a decisive breakout to confirm a bullish trend. A successful breakout could potentially propel prices to the $3600 mark.</li>
 <li>Failure to sustain the $2000 level may trigger panic selling, following the indications of the Double Top Pattern.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $2,060-$2,100
SUPPORT LEVEL : $2,000-$1,960
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

ETHEREUM TECHNICAL ANALYSIS-DOLLAR 2,033: A Prelude to Renewal or Fade

Mục lục

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