The Ethereum price is testing a key support level, and the market trend is uncertain
2024/02/06 09:26
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to CryptoPotato, the price of Ethereum encountered selling pressure near $2700 and is currently testing a key support level. Technical analysis indicates that if the price breaks above $2400, it may trigger an uptrend towards over $2700; otherwise, it could fall to around $2000 near the 200-day moving average. The 4-hour chart shows the price gradually rising towards $2400, with RSI indicating strong buying momentum and a high possibility of breaking through the resistance zone at $2400.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Crypto prices
More
Bitcoin
BTC
$80,504.8
+3.87%
Ethereum
ETH
$2,437.16
+6.42%
Tether USDt
USDT
$0.9991
+0.06%
BNB
BNB
$718.11
+2.75%
XRP
XRP
$1.32
+3.06%
USDC
USDC
$1.0000
+0.03%
Solana
SOL
$97.01
+4.02%
TRON
TRX
$0.3201
-0.68%
Zcash
ZEC
$1,316.58
+9.81%
Hyperliquid
HYPE
$86.12
-0.43%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now