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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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2️⃣ Like this post
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📅 Ends at 4:00 AM July 22 (UTC)
Analysts Reveal Key Levels on Ethereum – Here Are The Price Levels That Must Be Defended
Cryptocurrency analysis firm MakroVision has provided an update on Ethereum’s recent price action, revealing key technical levels that could determine its next move.
According to MakroVision, Ethereum remains weak after falling below the lower orange support zone. ETH is currently trading near the lower Fibonacci support levels, making a reversal at this stage crucial to avoid further downside pressure.
According to the analytics firm, if Ethereum manages to bounce, the key breakout zone is located between $2,810 and $2,880, along with a red trendline. This range serves as a crucial area for a potential trend reversal as it also houses several liquidity zones that could attract price action.
However, if Ethereum fails to reclaim these levels, the next major support zone would be between $2,140 and $2,250, leaving little room for further protection against a deeper decline.
At the time of writing, ETH is trading at $2,106.
*This is not investment advice.
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