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Are there any notable resistance levels for Ethereum that traders should be aware of today?

avatarShamik BainOct 14, 2020 · 5 years ago1 answers

What are the current notable resistance levels for Ethereum that traders should keep in mind today? How might these levels impact the price movement of Ethereum?

Are there any notable resistance levels for Ethereum that traders should be aware of today?
Ethereum
Resistance Levels
Cryptocurrency

1 answers

  • avatarsarah lowingNov 14, 2023 · 2 years ago
    According to our analysis at BYDFi, Ethereum is currently facing some notable resistance levels. The first one is around $2,500, which has historically acted as a strong barrier for the price of Ethereum. If the price manages to break above this level, it could signal a bullish trend and attract more buyers. Another resistance level to keep an eye on is around $2,800, where we have seen selling pressure in the past. If the price fails to break above this level, it could indicate a potential reversal or a period of consolidation. Traders should pay attention to the price action around these resistance levels to make informed trading decisions.

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