Newsbtc
1 settimana fa
Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June 💪
Ethereum has displayed remarkable resilience, staying above crucial support levels even as other altcoins falter. Currently trading between $2,400 and $2,500, ETH shows potential for recovery. Analysts, such as Ted Pillows, note rising ETF inflows and network activity as indicators of potential breakout momentum.
The market remains uncertain due to macroeconomic factors and recent high-profile tensions. Despite these challenges, Ethereum's structural and technical indicators suggest underlying strength. Pillows suggests that Ethereum's resilience could lead to a move toward the $3,000 level if it surpasses resistance at $2,800. However, the possibility of another decline remains if resistance isn't breached.
Currently, ETH trades within a narrow range, with the 200-day SMA acting as a critical resistance. Overcoming this could signal bullish continuation, but failure may lead to a retracement toward $2,200. The coming weeks are pivotal for Ethereum's path, not only for itself but for the broader altcoin market, as traders watch for decisive movement.
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