1 - 2 minute read
Ethereum has struggled to break past $1,200 due to bearish signs in the market. The price is below $1,200 and the 100 hourly simple moving average as bears remain active below $1,220. Bears are active below $1,220 despite the market’s minor upward correction.
Ethereum may fall to $1,180 if it fails to break through the $1,220 resistance level. Price may drop to $1,100 or $1,000. Ethereum investors may lose more money if the price falls below $1,100.
Ethereum may gain if it closes above $1,230. If this happens, the price may hit $1,250, then $1,265. This is good news for Ethereum investors because breaking the $1,265 threshold could boost market prices.
Price Watch:
Key Resistance Levels: $1,220, $1,230, $1,250, and $1,265.
Key Support Levels: $1,180, $1,100, and $1,000
Ethereum investors will closely watch the important resistance and support levels in the coming days. Breaks above or below these levels might cause major market price changes. It will be intriguing to see how the market reacts to these crucial resistance and support levels.
