Ethereum (ETH) price is in a good position after last week’s rally. But things are not a given, as bulls need to defend a few key levels before they’r
Ethereum price has seen a near-15% ascent in the last since October 22. Despite the recent rally, ETH needs to hold above the $1,727 and $1,650 barriers to move higher. A daily candlestick close below $1,650 will invalidate the bullish thesis. e in the clear. Investors need to watch the key barriers to know where ETH will head next.
A strong bounce could send Ethereum price to tag the $2,000 psychological level as well as the range high at $2,030. The last time ETH tried to overcome this hurdle in mid-April, it failed. So, a move into this zone will be critical for the long-term outlook of the smart contract token. Clearing the $2,030 hurdle or flipping it into a support floor will open the path to the next key resistance level at $2,424.
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