Ethereum’s Price Struggles: Key Resistance Levels That Could Signal Recovery
MakroVision, a cryptocurrency analytics firm, has released its latest evaluation of Ethereum's (ETH) price movements, highlighting key technical levels that could dictate its next direction.
Despite some signs of stability, Ethereum remains near recent lows, showing that a sustained recovery has not yet materialized. It continues to lag behind the broader crypto market, having recently dipped below its lowest point since August 2024, reflecting ongoing weakness.
However, MakroVision suggests that this recent sharp decline, identified as a (C) wave correction, may be necessary for Ethereum to build momentum for a possible rebound.
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The firm has pointed out two key resistance levels that Ethereum must surpass to confirm a bullish trend. The first is a short-term liquidity zone around $2,600, followed by a significant resistance range between $2,800 and $2,880.
Overcoming these levels could signal a shift in market sentiment toward the bulls. On the other hand, if Ethereum falls below the $2,131 mark, it could face further downside risk, leading to a deeper pullback into lower liquidity zones.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
