At the moment, Ethereum is also showing recovery, but at a slower pace compared to Bitcoin. This week’s pivot point is at 4,137, and the price is currently trading above it.
A local correction would be reasonable, with support expected in the 4,050–4,000 range. There’s also an ascending trendline acting as support. The risk level is 3,966 — if it breaks and the price fails to reclaim it, the likelihood of continued downside increases.
A breakout above 4,229 and consolidation would bring back a bullish outlook.
A local correction would be reasonable, with support expected in the 4,050–4,000 range. There’s also an ascending trendline acting as support. The risk level is 3,966 — if it breaks and the price fails to reclaim it, the likelihood of continued downside increases.
A breakout above 4,229 and consolidation would bring back a bullish outlook.
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