Will Ethereum’s (ETH) Fortune Turn Around? Analysis Company Shares Price Points That Must Be Protected and Surpassed

Cryptocurrency analytics firm MakroVision has assessed the performance of Ethereum (ETH) in recent weeks. The firm noted that Ethereum has remained relatively weak in the market at a time when many altcoins are showing recoveries. According to MakroVision, Ethereum is still forming lower highs, which does not provide a clear sign of a possible trend reversal. “Ethereum is still below the red trend lines and we cannot see a strong upward movement,” he said, adding that the situation is also weak in terms of technical analysis. Ethereum, despite recovering from $1,400 levels, has failed to show upward momentum compared to assets like Bitcoin and Solana. It was noted that a break above the recent lows was needed for the rally to gain strength. Related News: BlackRock`s Bitcoin (BTC) Holdings Revealed: Here`s The Stash Although the $1,730 level has been regained in the short term, the real important level for analysts is $2,132. According to analysts, breaking this level could pave the way for a possible trend change. MakroVision identified the following as critical price levels: $1,730 – Short-term support, important to maintain $2,132 – Trigger level for a new bullish wave $2,370 / $2,410 – Resistance zones to be encountered in case of a possible bounce *This is not investment advice. Continue Reading: Will Ethereum’s (ETH) Fortune Turn Around? Analysis Company Shares Price Points That Must Be Protected and Surpassed

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