Etherum contains key support as a resistance zone for $ 2,800

Etherum still has an impressive Bullish racing, holding above its 200-day average average average. With strong technicality to $ 2,800, the following days can determine whether a deeper return or interruption occurs.

Ethereum (El) He gained his momentum upward despite the extended expensive last week. The price of the price is now approaching a critical resilience surface to $ 2,800, while strong support of the 200-day moving average is still retaining. The market is now sitting on a pivotal point where it must decide between continuing towards a new top or healthy pull that could present a chance for a fresh purchase.

Key technical points

• Main resistance: $ 2,800 (0.618 FIB, Weekly SR Zone, VALUE VALUE)
• KSupport: $ 2,000 psychological level aligned with historical demand
• Trend Signal: Holding above the 200-day ma with strong daily certification of candles

Etherum structure remains bullash at higher time frames, especially as the price of consolidal above the 200-day average average. This level is now retained for three consecutive daily candles closes, signals on a sustain interest for customer and market strength. While the price remained above this dynamic support, the continuation of the bakery is the currently more likely scenario.

However, only the front of the 2,800 resistant, which marked several technical indicators: redistribution of 0.618 Fibonactions from the previous large stroke, the key daily support / resistance / resistance and value of value high from recent trading activity. These overlap levels suggest that this zone could act as a temporary cap unless broken into condemnation and volume.

If Etherum is facing rejection at this level, the next great support rests on $ 2,000, a psychological and structural zone in which previously accumulation occurred. Withdrawal of this level, it will probably create expanding between 2,000 and $ 2800, forming a consolidation channel for Etherum to accumulate before any main interruption.

The wider Altcoin market is often followed by Etherum leadership, so that the rejection could have come out short-term weakness throughout the board. In contrast, a successful interruption above $ 2,800 would be a strong signal of continuous bull domination via crypto market.

What to expect in the upcoming price of the store

As long as the eTkereum continues to close above the 200-day moving average, the momentum momentum remains intact. All eyes are now on $ 2,800 resistant, as the price will react at this level to define the short-term look. Rejection can open the opportunity to buy-DIP-DIP near 2,000 dollars, while passing can ignite the next leg larger and for ETH and AltCOINS.