Ethereum Prepares For $2,850 Rally, But Analysts Warn Of Potential Dip To These Levels 📈
Ethereum (ETH) has made a significant recovery, reclaiming its $2,200-$3,900 macro range after surging nearly 45% last week. Despite crossing key resistance levels, Ethereum faces potential volatility as it navigates the $2,400-$2,600 price range.
Market observers like Castillo Trading suggest Ethereum is stabilizing, preparing for its next move while potentially dipping to prior support levels like $2,300 or even below $2,100. However, if ETH breaks the $2,600 resistance, it could aim for the $2,850 range.
Analyst Rekt Capital notes that Ethereum's recent weekly close is promising, but cautions about a possible 10%-15% pullback. The cryptocurrency continues to fill strategic CME Gaps, indicating possible moves towards $2,900-$3,350.
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