- Ethereum (ETH) is trading at $2,407.35, experiencing a 4.6% surge in the last 24 hours.
- Prominent analyst identifies Ethereum consolidating within a bullish pennant, predicting a potential move towards $3500 upon a successful breakout.
- Skew, a crypto trader, emphasizes the $2320–$2382 range as a robust resistance zone, crucial for confirmation.
Ethereum (ETH) is currently trading in the green, defying the broader market trend. According to CoinMarketCap data, ETH is trading at $2,407.35 with a 4.6% surge in value over the last 24 hours.
World Of Charts, a prominent analyst on X, recently shared insights on Ethereum’s current trend. According to the analyst, Ethereum is consolidating within a bullish pennant. In the event of a successful breakout, analysts predict a significant move towards the $3500 mark.
Crypto trader Skew echoed this sentiment, emphasizing the importance of the $2320–$2382 range as a strong resistance zone. Notably, this level has witnessed multiple rejections, adding a layer of significance to any potential breakthrough.
Skew highlighted that for confirmation, a robust 1-hour and 4-hour close above $2400 is crucial. The trader…
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