ETH/USD – New 16-Day High.
Key Support Levels: $2300, $2250, $2130.
Key Resistance Levels: $2350, $2440, $2540, $2640.
Ethereum rebounded from support at $1700 (mid-March support) at the beginning of last week and surged into resistance at $2300 (bearish .5 Fib) on the first day of July. However, the second-largest crypto quickly got rejected and found support on top of the $2K mark on Friday.
Over the weekend, ETH managed to break back above the 20-day MA (yesterday) and, continued today higher, as it climbed above the June descending trend line. As of writing these lines, ETH set a new 16-day high price at approximately $2350. The last time ETH reached that price area was on June-18, 2021.
ETH/USD Daily Chart. Source: TradingView.
ETH-USD Short Term Price Prediction
Looking ahead, if the bulls push higher, the first major resistance beyond today’s high ($2350) lies at $2440 (bearish .618 Fib & 50-day MA). This is followed by $2540 (100-day MA), $2640 (bearish .786 Fib), and $
Źródło: https://cryptopotato.com/ethereum-price-analysis-eth-sets-a-16-day-high-is-2500-in-sight/
