Hello Traders, here are support and resistance levels for Ethereum.
These are the key support and resistance levels.
If price breaks support at $1,425, then the next target is support at $1,250.
There are 3 potential scenarios that I think are likely to happen, they are labeled on the chart.
One key thing to keep an eye on is the ascending trendline, it could potentially act as resistance if price trends up so price will need to break above it.
Thanks everyone and best of luck trading!
These are the key support and resistance levels.
If price breaks support at $1,425, then the next target is support at $1,250.
There are 3 potential scenarios that I think are likely to happen, they are labeled on the chart.
One key thing to keep an eye on is the ascending trendline, it could potentially act as resistance if price trends up so price will need to break above it.
Thanks everyone and best of luck trading!
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