Support Levels
1. 1st Support Level: US$3,347.7
2. 2nd Support Level: US$3,231.7
The first support level at US$3,347.7 is critical, as a breach below this could lead to a further decline towards the second support level at US$3,231.7. These levels are key areas where buying interest might emerge, potentially halting the price decline and providing a base for a rebound.
Resistance Levels
1. 1st Resistance Level: US$3,485.5
2. 2nd Resistance Level: US$3,624.3
On the upside, Ethereum faces resistance at US$3,485.5 and US$3,624.3. Overcoming these resistance levels would be essential for a bullish reversal, as it would indicate renewed buying interest and the potential for further price appreciation.
