Ethereum (ETH) Price Aims For Fresh Increase To $3500

After a massive decline, Ethereum found support near the $2100 level. A low was formed at $2099 and the price recently started a decent upward move.

After a massive decline, Ethereum (ETH) price found support near the $2,100 level. A low was formed at $2,099 and the price recently started a decent upward move. There was a recovery above the $2,300 and $2,450 resistance levels.

ETH price might begin a fresh increase if it manages to stay above the $2,450 level. Immediate resistance is at $2,720, followed by $2,750 and the 50-week simple moving average (blue). A clear move above the $2,750 resistance might lead to a rally toward the $3,000 resistance.

Conversely, another decline might start if the price fails to settle above $2,450. In that case, the first major support is near the $2,100 level, followed by $2,000.

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