Ethereum

Cryptocurrency

<ul>
 <li>#<a href="https://www.coingabbar.com/en/price-analysis/crypto-crossroads-can-bulls-rescue-ethereum-from-crucial-point" title="Ethereum" class="f-link">Ethereum</a> price shows bullish indicators above the $2,720 support level.</li>
 <li>$ETH approaches critical resistance at $2,850, coinciding with the 50% Fibonacci level.</li>
 <li>$ETH is nearing the $2,850 resistance level after struggling with the Fib 0.382 resistance at $2,400.</li>
 <li>Sustained daily closes above $2,850 could target $3,300, potentially rallying to $4,000 upon ETF approval.</li>
 <li>Positive sentiment is fueled by anticipation for a summer spot ETF approval and a new network update.</li>
 <li>Short-term pullbacks may find support at the 8- and 21-day exponential moving averages, with the closest support range at $2,500 to $2,600.</li>
 <li><a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar analysis" class="f-link">Coingabbar analysis</a>, #Ethereum price prediction 2030 would be near $10,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $2,870-$2,930
SUPPORT LEVEL : $2,765-$2,700
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Ethereum Price Prediction:Will the Flame Burn Bright or Fade

Coingabbar

Other articles published on Feb 16, 2024

Mad Lads’ Backpack Exchange surpasses $300M trading volume in 24 hours

Coinbase Boosts Bitcoin Nonprofit Brink with $3.6 Million Donation

This analyst thinks SHIB price prediction of $1 is ‘garbage,’ here’s why

Crypto Whale Adds Millions to Wealth with Worldcoin Trade

Algotech Presale Tops as Polygon to Launch AggLayer V1 Mainnet & Binance Faces Threat

VeChain (VET) Investors Drive Into Option2Trade’s (O2T) $888k Giveaway

Join our free newsletter for daily crypto updates!