What to Expect in Ethereum in the Coming Days? Rise or Fall? Analysis Company Reveals

Cryptocurrency analysis firm MakroVision has released a new analysis report on Ethereum’s technical outlook. According to the report, the price of Ethereum has shown signs of recovery by holding on to the $2,130 level after falling to $2,130.

ETH tested the key support area near $2,130 and rebounded strongly from this area. The retention of this level was welcomed by investors and the price saw a rally back above the $2,400 level.

MakroVision noted that the overall market structure has not yet determined a clear direction, meaning that neither an upward breakout nor a structural breakdown has been observed. According to the analysis, Ethereum holding above $2,400 could allow the price to accelerate towards the $2,740–2,880 range.

It was emphasized that in the short term, persistence above the $ 2,400 level is required for the upward movement to continue. However, a possible breakdown below $ 2,130 brings the risk of a deeper correction that could pull the Ethereum price back to around $ 1,730.

*This is not investment advice.

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