Ethereum tried several times to stabilize above the $2000 range, but failed to do so and experienced a correction to the $1850 range.
Ethereum is currently near its uptrend and above the moving 50, which is the main support for Ethereum at the moment.
Currently, two scenarios.If the upward trend breaks and if it stabilizes, further correction can be experienced up to the range of $1,760, which is the moving support of 100, and $1,650, which is the static support of ether.
Another scenario is maintaining the upward trend and retesting the $2,000 area, in case of a strong failure and high stabilization, we can expect to rise to the $2,200-2,300 range, which is Ethereum's heavy resistance, and experience price growth.
It should be noted that the status of other indicators (Dominance Tether and Total) as well as Bitcoin price fluctuations will be influential factors in how Ethereum moves.
Ethereum is currently near its uptrend and above the moving 50, which is the main support for Ethereum at the moment.
Currently, two scenarios.If the upward trend breaks and if it stabilizes, further correction can be experienced up to the range of $1,760, which is the moving support of 100, and $1,650, which is the static support of ether.
Another scenario is maintaining the upward trend and retesting the $2,000 area, in case of a strong failure and high stabilization, we can expect to rise to the $2,200-2,300 range, which is Ethereum's heavy resistance, and experience price growth.
It should be noted that the status of other indicators (Dominance Tether and Total) as well as Bitcoin price fluctuations will be influential factors in how Ethereum moves.