The price of ethereum continues its bullish campaign, conquering the $ 3400 level. Today's current high is at $ 3,484. Now we have a smaller withdrawal, and we expect to make a consolidation from which a new bullish impulse should come. Our next target is the $ 3,800 resistance zone, the previous high of January 5th. We need a new negative consolidation and a pull towards the $ 3,200 level for the bearish option. The MA 20 moving average provides additional support at that level. If bearish pressure continues, our next support is at $ 3,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.