Price Correction from the Resistance Zone
Ethereum is currently within the $2600 to $2700 resistance range. This range is recognized as a significant resistance that might halt the current upward trend and initiate a downward movement.
Potential Scenarios:
Price Correction from the Resistance Zone:
If Ethereum fails to break through the $2600 to $2700 resistance range, a price correction towards the $2500 and $2400 support levels is likely. These levels could act as key points for a potential price reversal and continuation of the downward trend.
Breaking Resistance and Continuing the Uptrend:
If Ethereum can break through the $2700 resistance and stabilize above it, this move could indicate the continuation of the uptrend, with the price moving towards higher levels.
Potential Scenarios:
Price Correction from the Resistance Zone:
If Ethereum fails to break through the $2600 to $2700 resistance range, a price correction towards the $2500 and $2400 support levels is likely. These levels could act as key points for a potential price reversal and continuation of the downward trend.
Breaking Resistance and Continuing the Uptrend:
If Ethereum can break through the $2700 resistance and stabilize above it, this move could indicate the continuation of the uptrend, with the price moving towards higher levels.
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