Ethereum's daily chart indicates a breach of the Bullish Flag pattern, signaling a positive trend.
Ethereum Price established a base above $2,220 and initiated a new uptrend.
Despite Bitcoin price decline below $46,500, Price of ethereum experienced a significant upward movement.
Ethereum successfully surpassed the $2,400 resistance zone, driven by heightened expectations related to the Bitcoin Spot ETF influencing altcoin rallies.
However, the $2,450 resistance level poses a challenge for ETH price, with multiple attempts to overcome it on the daily chart.
A crucial factor for potential further gains is a decisive close above the $2,450 level.
The weekly analysis using Fibonacci Retracement indicates forthcoming Ethereum price prediction of $2,500 and around $3,100.
KEY LEVELS :
RESISTANCE LEVEL : $2,500-$2,650
SUPPORT LEVEL : $2,350-$2,230
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