The Crypto Assets market has recently seen increased Fluctuation, with the price of Ethereum (ETH) oscillating around $2,550, sparking heated discussions among investors about its future trajectory. Analysts are exploring whether ETH could potentially break the $3,000 barrier or if it will face further fall risk.



In the past few weeks, ETH has experienced a series of fluctuations. Last month, it hit a low of $2,499, followed by a rebound that broke through some key resistance levels. In the last 24 hours, ETH successfully broke through $2,550, which has attracted the market's attention. However, if the bulls fail to maintain the current momentum, ETH may face the risk of falling back to $2,220.

From a technical perspective, ETH is currently trading at around $2,500, up 3% from last week, breaking through a two-week high of $2,535. This trend has reversed the previous downward trend, suggesting that market momentum may be changing. However, ETH still faces strong resistance around $2,665 and $2,720, which have repeatedly hindered its further rise.

If ETH can break through $2,735, the path to $3,000 will become clearer. Many optimistic analysts believe that this target is achievable based on historical breakout patterns. However, if ETH fails to hold the support at $2,550, it may test the key support levels of $2,310 and even $2,220 again.

Despite the uncertainty in the market, some professionals remain optimistic. For example, well-known analyst Wizz Trades stated on social media that even the worst-case scenario could be a bullish signal for ETH.

Investors and traders should closely monitor market trends, weighing potential risks and rewards. The high Fluctuation of the Crypto Assets market means that situations can rapidly change, so it is crucial to remain vigilant and participate moderately.
ETH14.34%
WIZZ8.63%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
RumbleValidatorvip
· 07-08 09:18
2550 fluctuation range Node stake yield decline is obvious
View OriginalReply0
MysteryBoxOpenervip
· 07-07 09:29
3000 is my belief price
View OriginalReply0
LootboxPhobiavip
· 07-05 10:51
All in eth and that's it.
View OriginalReply0
WalletWhisperervip
· 07-05 10:28
Isn't it good to run when it hits the bottom?
View OriginalReply0
GasFeeCriervip
· 07-05 10:26
Today is also a day to shout about gas fees.
View OriginalReply0
DeFiDoctorvip
· 07-05 10:23
The consultation record indicates potential liquidity risks for ETH.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)