ETHUSDT: Next Strong Support at $2,100
2024-11-04

ETHUSDT Technical analysis update

ETH has been trading within a triangle pattern for the past 90 days, with the price repeatedly testing the triangle’s support line. If the price breaks below this support, a rapid drop to the $2,100 level could occur before any potential rebound. On the weekly chart, the 100 EMA is acting as a support level for the current triangle pattern.