Crypto analyst Ben Gray claimed that Ethereum prices It is bullish and has revealed the price ranges targeted by major Altcoins. However, ETH is set to face great resistance at $2,100. This is the level that needs to break out to target new highs.
Ethereum Price faces huge resistance at $2,100
in TradingView PostBen Gray revealed that even as Ethereum prices are seeing rally to new highs, they are facing significant levels of resistance at $2,160. Despite this development, analysts argued that ETH’s market is bullish. While noting that major Altcoin is fluctuating between $2,044 and $2,080, he said there are signs. Ethereum first formed the bottom.
Based on an analysis of the four-hour candlestick chart, Gray said Ethereum prices are about to break through upwards. The key resistance level is $2,160. He further showed optimism about ETH in 2025 by stating that the expected range is between $2,904 and $4,887, but it puts Altcoin below that current The best ever (ath).
Meanwhile, Crypto analysts said Ethereum prices are showing strong and positive performance this week. Going forward, he said the key focus should be on whether ETH can break through the $2,160 resistance level. Altcoin’s Trajectory Short and medium term.
Crypto-analyst Ali Martinez It also recently highlighted the $2,300 level of resistance as another level of resistance to keep an eye on Ethereum prices. He noted that with ETH regaining $2,040, the next important hurdle is this $2,300 level, suggesting strong resistance in the price range.
Why did ETH go down?
In an X’s post, Titan from Crypto Analyst of Crypto said that Ethereum prices show signs of the bottom. He revealed that weekly stochastic RSI bullish crossovers are in the territory sold. His accompanying chart showed it Major Altcoins can gather It would be as much as $6,000 to record a bullish comeback.
Crypto analyst Crypto Caesar also stated that Ethereum prices It is currently bottomed out, and its ETH is “heavy and underrated.” He added that there are always moments in every bull cycle where most market participants think that Altcoin will not recover after a major bearish event. But Ethereum will always recover and eventually create new highs. So analysts believe this time will not change, and ETH is ready to stage a bullish comeback.
At the time of writing, Ethereum prices are trading at around $2,022, down almost 2% over the past 24 hours. data From CoinMarketCap.
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