Ethereum Price Prediction, Will the Sky be the Limit for

Ethereum surged past $2,200 but encountered resistance at $2,300.

• According to Coingabbar Technical Analysis, Ethereum recently experienced significant price volatility, fluctuating between $1,920 and $2,136.

• The Daily chart indicates that Ethereum has broken through an ascending triangle pattern and is currently trading above it.

• A bullish breakout from the wedge pattern could indicate the beginning of an uptrend.

• With five consecutive bullish days, Ethereum reclaimed momentum, reaching above $2,200 for the first time since May 2022.

• The price surged over 3%, maintaining an upward trajectory towards the $2,300 resistance.

• If bullish momentum persists, Ethereum may test the $2,300 resistance level, with a potential rise to $2,500 this month.

• Conversely, if bears take control, the price could lose momentum and test the $2,200 support level. Further bearish pressure might lead to a decline towards the lower support range of $2,130-$2,000.

KEY LEVELS :

RESISTANCE LEVEL : $2,280-$2,320

SUPPORT LEVEL : $2,200-$2,150

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.