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Crypto -analyst Ben Gray has claimed that Ethereum Price Is Hausse and revealed the price range that the leading Altcoin is aimed at. However, ETH is set to meet great resistance to $ 2,100, a level it needs to break out from because it is aimed at new heights.
Ethereum Price is facing great resistance of $ 2,100
On one TradingView PostBen Gray revealed that the Ethereum price is facing a key resistance level of $ 2,160 even when it sees a rally to new heights. Despite this development, the analyst claimed that ETH’s market is Hausse. While he noted that the leading altcoin fluctuates between $ 2,044 and $ 2,080, he pointed out that there are signs of it Ethereum initially formed a bottom.
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Based on its analysis of the 4-hour candlestake diagram, Gray stated that the Ethereum Prize is trying to break through upwards, with the most important level of resistance to $ 2,140. He also showed his optimism for ETH 2025 by saying that the expected range is between $ 2,904 and $ 4,887, although it puts altcoin under its present All-Time High (ATH).
At the same time, the crypto analyst mentioned that the Ethereum Prize has shown a strong and positive performance this week. In the future, he stated that the key focus should be on whether ETH can break through the resistance level of $ 2,160, which would play a key role to determine Altcoin’s course In the short and middle of the sight.
Crypto analyst Ali Martinez Recently, recently emphasized the $ 2,300 level as another level of resistance to watch out for the Ethereum price. He noted that with ETH reclaims $ 2,040, the next key obstacle is this $ 2,300 level, where the pricing bands suggest strong resistance.
Why ETH has been bottomed out
In an X post, crypto analyst Titan from Crypto stated that the Ethereum price shows signs of the bottom. He revealed that the weekly stochastic RSI -HAUSSE -CROSSOVER is in oversold territory, a development that has often signaled market bottoms for ETH. His accompanying charts showed that Leading Altcoin could rally to as high as $ 6,000 as it records a raised reversal.
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Crypto analyst Crypto Caesar also stated that Ethereum price is currently the bottom and that ETH is “heavily undervalued.” He added that in every bike bike there is always a moment when most market players believe that Altcoin will never recover after a large baisse -like event. However, Ethereum is always recovering and stops making new heights. As such, the analyst believes that this time will not be different, and ETH is ready to arrange a raisy reversal.
At the time of writing, the Ethereum price is traded at about $ 2,022, almost 2% in the last 24 hours, according to data From Coinmarketcap.
Image from Unsplash, chart from tradingview.com
