Ethereum's current trend is as the market expected, successfully breaking through the bull run pennant pattern, but is now facing the resistance level in the 2.7k-2.8k range. This area is a typical supply zone, and if Ethereum can effectively break through this resistance level, we are likely to see the price continue to rise to higher levels, which will also drive the rise of other crypto assets markets, as they are likely to leverage Ethereum's upward momentum to rise together.



However, it is worth noting that other Crypto Assets may not show a significant pump before Ethereum successfully breaks through the aforementioned supply zone. Therefore, investors need to be patient at this time and closely monitor the further development of price trends.

In the medium to long term, the price dynamics of Ethereum will become an important indicator for the entire Crypto Assets market. Market participants should closely monitor its attempts to break through the supply zone, as this may provide important references for subsequent investment strategies. If the breakout is successful, it could initiate a new round of pump cycles; if it fails, it may be necessary to reassess market expectations in the short term.

Whether Ethereum can break through this key resistance level will have a profound impact on the entire market, making it an important technical indicator worth closely monitoring in the coming days and even weeks.
ETH-0,98%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)