News author: Crypto Emergency
The analytical company MakroVision has published a fresh technical review of Ethereum, highlighting key levels that could determine price movement in the coming days. According to analysts, ETH has re-tested the $2130 area, allowing the asset to briefly recover. However, increasing selling pressure has prevented the price from consolidating above this level.
MakroVision notes that a short-term recovery is still possible, but the momentum has noticeably weakened. Failed attempts to break through $2130 indicate ongoing resistance from sellers, making Ethereum's movement less stable in the short term.
Key levels and scenarios
Analysts highlight the range $2130 as critically important for the further movement of ETH. If the asset manages to hold above this mark, the market may see a new attempt at growth. The next significant resistance will be the zone $2400 — it was from there that the price was sharply knocked back during the previous upward impulse.
However, in the case of a confident decline below $2130, the current recovery may weaken and market prospects may deteriorate. According to MakroVision, such a scenario increases the likelihood that the recent growth will turn out to be just a technical correction rather than the beginning of a sustainable trend reversal.