Ethereum

Cryptocurrency

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) recently struggled to sustain above the critical support level of $3,700, despite attempts by bulls.</li>
 <li>If ETH manages to hold above $3,360, there's potential for a double-bottom pattern formation, indicating a bullish reversal towards the $3,700 resistance.</li>
 <li>Following the initial decline, #$ETH has consolidated within the range of $3,450 to $3,650.</li>
 <li>On the daily chart, Ethereum has formed a symmetric triangle pattern and is currently rebounding from its support trendline.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Prediction</a>, Maintaining above this support trendline could propel $ETH towards testing the resistance near $3,700.</li>
 <li>Presently, ETH is trading within what appears to be a bull flag or parallel channel, having recently bounced back from its support trendline.</li>
 <li>Conversely, heightened selling pressure and bearish sentiment could exert downward pressure on Ethereum.</li>
 <li>A breach below the support trendline might trigger a test of the $3,280 support level in the near future.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $3,500-$3,580
SUPPORT LEVEL : $3,370-$3,280
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: Is ETH Setting Up for a Double Bottom Rally?

Coingabbar

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