CryptoPotato: Ethereum price faces resistance at $2400 and may pull back to support around $2100
Bitget2023/12/16 09:31
According to CryptoPotato, the price of Ethereum has started to rise after rebounding from the lower boundary of a large bullish flag pattern, breaking through several resistance levels. However, the price of Ethereum encountered significant obstacles in the $2400 resistance zone. The market may retest support levels at $2100 or $2000. On the 4-hour chart, the price is falling towards the trend line, which could lead to a deeper pullback.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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