From TradingView · · 50s
Ethereum's Comeback Targets $2,775
Ethereum could rebound to $2,775 if buyers hold $2,300, $2,340 support.
In brief
Ethereum could rebound to $2,775 if buyers hold $2,300, $2,340 support. Ethereum may rise to $2,775 if it holds $2,300, $2,340 and breaks $2,500, $2,525 resistance. Originally reported by TradingView.
Ethereum Trading Near $2,398
Ethereum is trading around $2,398, consolidating above the key supporting area near $2,300, $2,340 after an extended downtrend.
Bullish Confirmation Needed
The repeated attempts to recover from this region suggest that buyers are defending lower prices, but bullish confirmation is still needed.
Key Levels for Ethereum
Support: $2,300, $2,340; First resistance: $2,450; Breakout confirmation zone: $2,500, $2,525; Target 1: $2,500; Target 2: $2,525; Target 3: $2,775.
Fundamental Factors
U.S. spot Ether ETFs experienced approximately $1.25 billion in cumulative outflows since late September, according to an October 24 report.
The key point
Ethereum may rise to $2,775 if it holds $2,300, $2,340 and breaks $2,500, $2,525 resistance.
