What to Expect from Ethereum in the Coming Days? Rise or Fall?

The cryptocurrency analysis company MakroVision has released a new analysis report on the technical outlook of Ethereum. According to the report, the price of Ethereum has shown signs of bounce back while holding at $2,130 after falling to $2,130. ETH has tested the main support area near $2,130 and has bounced back strongly from this level. Maintaining this level is welcomed by investors and the price has risen back above $2,400. MakroVision notes that the overall market structure has yet to establish a clear direction, meaning there has been no breakthrough upward or structural breakdown. According to analysis, Ethereum holding above $2,400 could allow the price to accelerate towards the range of $2,740–$2,880. It is emphasized that in the short term, it is necessary to maintain above the 2,400 dollar level for the uptrend to continue. However, a drop below 2,130 dollars could pose the risk of a deeper correction that could pull the price of Ethereum back to around 1,730 dollars.