What are the levels that need to be broken for a big bullish move in Ethereum (ETH)?

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Crypto analysis company MakroVision evaluated the recent price movements of Ethereum’s (ETH).

According to the technical analysis report published by the company, Ethereum has shown a strong breakout, breaking the downtrend and maintaining an upward outlook in the short term.

According to MacroVision's analysis, the breakout of Ethereum around the important resistance area of $2,400 and the red descending trend line has been a clear positive signal for the market. The rise that followed this breakout is described as an impulsive "V-shaped" recovery. The declines observed so far are merely corrective and not enough to disrupt the upward trend.

The analysis indicates that the initial profit realizations following the rally represent a technically healthy pullback. Currently, the $2,400 level stands out as a short-term support. However, if the price dips below $2,130, the existing positive structure could be disrupted, and a new assessment may be required.

MakroVision listed the next resistance areas that Ethereum may encounter:

  • Range of 2,800–2,880 dollars: The levels that previously acted as support are now being monitored as resistance.
  • 3.275 dollars: The next main level that could be targeted if upward momentum continues.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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