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ETH still remains the king despite the controversy about the next L1. 👀
ETH/USDT pairs are currently consolidated within a $2,800 – $3,100 range. The bulls are protecting the asset’s critical levels from the recent sell-off.
Support: $2,700 – $2,800
Resistance: $3,200 – $3,400
The token does not have a redemption utility; hence, it is a pure consumption + staking token. Liquidity is excellent on all CEXs and DEXs; thus, you can easily buy or sell the asset.
Bullish scenario: The price holds above $2,800 and reclaim $3,200.
Bearish scenario: The price breaks below $2,700 and moves to the next support levels.
Are you still accumulating ETH or waiting for the next consolidation breakout? Let’s see your levels 👇
#ETH #Ethereum $ETH