Ethereum is Up 10% in Past 24h: Key Levels to Watch

As of the latest data, ETH is trading at approximately $1,780, marking a substantial improvement in its value. A key event during this rally was Ethereum briefly surpassing the $1,800 mark, a significant psychological level for investors and traders alike.

Ethereum Surpasses $1,800, Then Pulls Back

At its peak, ETH reached a high of $1,805. However, after testing this level, the cryptocurrency experienced some pullback and is now trading just below the $1,800 range at $1,785.

Key Levels to Watch

$1,800 Resistance: Ethereum briefly broke above this level, but it is now testing it as a strong resistance point. Traders will be keen to see if the price can break through this barrier again, which could signal further upward momentum. $1,750 Support: On the downside, the $1,750 level is acting as immediate support. A drop below this could signal a retreat toward lower levels. $1,650 Level: If the price continues to face resistance and pulls back further, the $1,650 region might be the next key support.

Ethereum’s Market Momentum

This rapid price movement shows the volatility of Ethereum in the short term, but the overall trend appears positive, with ETH managing to maintain a significant portion of its gains above $1,700. Traders should keep an eye on these key levels to gauge the next potential moves for Ethereum.

The rise in Ethereum’s price comes amidst a general uptick in the broader cryptocurrency market, with increased volume and growing investor interest. As the crypto market remains dynamic, Ethereum’s ability to hold above these key levels will be crucial for its short-term performance.

The post Ethereum is Up 10% in Past 24h: Key Levels to Watch appeared first on Coindoo.