Ethereum price embarked on a minor recovery after plunging to $2,920. The current trajectory shows it could face resistance around $3,200 to $3,240. The price is still trading below $3,250 and the 100-hourly Simple Moving Average. A break below a bullish trend line has been noted, presenting obstacles for a fresh increase.
Resistance levels around $3,200 and $3,240 must be overcome for further gains, potentially reaching $3,350 or higher. Meanwhile, failure to surpass $3,200 could spark another decline with key supports near $3,120 and $3,050, possibly dropping to $2,920.
Quelle: www.newsbtc.com ↗