Ethereum Bull Run Alert: Bulls Charge Towards $3000 Levels as Bearish Pressure Fades

Quick Summary:

If Ethereum can break and close above $2,800 on the 3-day chart, it could signal a very bullish move.

Looking at the Fibonacci retracement, the next key resistance is around $2,670, with the 50% retracement level just above $2,800.

The analyst had noted this divergence when the price was below $2,300, predicting either a price rally or sideways movement.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: Cryptocurrency News Price Analysis Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 06:02:16 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 328 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Coinpedia

News ID: 22757564

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