Lokesh Gupta
16-02-2024
#Ethereum price shows bullish indicators above the $2,720 support level.
$ETH approaches critical resistance at $2,850, coinciding with the 50% Fibonacci level.
$ETH is nearing the $2,850 resistance level after struggling with the Fib 0.382 resistance at $2,400.
Sustained daily closes above $2,850 could target $3,300, potentially rallying to $4,000 upon ETF approval.
Positive sentiment is fueled by anticipation for a summer spot ETF approval and a new network update.
Short-term pullbacks may find support at the 8- and 21-day exponential moving averages, with the closest support range at $2,500 to $2,600.
Coingabbar analysis, #Ethereum price prediction 2030 would be near $10,000.
KEY LEVELS :
RESISTANCE LEVEL : $2,870-$2,930
SUPPORT LEVEL : $2,765-$2,700
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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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