According to Coingabbar Technical Analysis, Ethereum's price faces challenges reclaiming $2,250, contrasting with Bitcoin's $43,500 breakthrough.
ETH exhibits worrisome indicators, suggesting vulnerability to a significant downturn.
Struggling to surpass the $2,250 resistance, Ethereum is encountering hurdles in upward momentum.
Trading under $2,200 and the 100-hourly Simple Moving Average, price weakness persists.
Prolonged stay below $2,250 may trigger substantial declines for the Ethereum pair.
Ethereum undergoes a retest of the ascending triangle breakout line.
The 4-hour chart reveals ETH trading within a descending channel.
KEY LEVELS :
RESISTANCE LEVEL : $2,270-$2,330
SUPPORT LEVEL : $2,180-$2,130
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
