Lokesh Gupta
12-02-2024
Ethereum’s recent resurgence stemmed from a pivotal demand zone at $2200, marking a solid uptrend for the altcoin.
Following the breach of the $2,420 resistance, Ethereum's price exhibited a steady climb, surpassing $2,450 and $2,500 thresholds, albeit trailing behind Bitcoin's performance.
Currently, Ethereum is facing resistance at the $2,550 mark, posing a challenge for further upward movement.
The bullish trajectory of Ethereum's price appears to be forming a rounding bottom pattern as it approaches the significant $2600 resistance level.
There's growing anticipation among investors for Ethereum to break past $2600, with hopes of a subsequent surge towards the $3000 milestone.
Buyers are gearing up for a potential bull run in light of these expectations.
A potential downside correction looms if Ethereum fails to maintain support above $2,450.
Coingabbar analysis, Ethereum price prediction 2030 would be projected near $10,000.
KEY LEVELS :
RESISTANCE LEVEL : $2,550-$2,620
SUPPORT LEVEL : $2,435-$2,360
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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