Ethereum price analysis: These chart levels are important now
In this article you will learn:
- Which price levels come into view in the event of a sustained correction movement
- Which price levels must be recaptured for a trend continuation to the north
- Why a preliminary decision could be made in the coming days
Ethereum (ETH) missed reaching its 2021 all-time high last week. The largest altcoin was less than two percentage points away from reaching $4,864. Declining purchases from Ethereum treasury firms and outflows from Ethereum spot ETFs subsequently caused the price to correct to $4,084. The Ether price halted its downward trend there and has since recovered to the EMA9 moving average at $4,275. This price analysis reveals the signs of an end to the downward trend and which resistance levels would need to be recaptured to confirm the turnaround.
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