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Ethereum Price Analysis: $2200 or $3000, Which Comes First for ETH?

  • Ethereum faced selling pressure at the 100-day moving average of $3K, leading to a decline to $2K support.
  • ETH is now trading between $2.5K (support) and $3K (resistance), suggesting a consolidation stage.
  • On the 4-hour chart, ETH rebounded after a decline and is facing resistance at the $2.8K level.
  • If ETH maintains above $2K and breaks resistance levels, it could signal the next major trend move.

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