Yigit Taha OZTURK 
Ethereum (ETH) recently bounced strongly from the $2,108 support level, initiating an upward movement. However, during this recovery, the price faced resistance at the bearish FVG zone and experienced a pullback. Just above this resistance lies the $2,811 level. If Ethereum successfully breaks through this resistance, the price could target the $3,000 levels.
On the other hand, if Ethereum fails to sustain upward momentum and gets rejected from these resistance levels, a potential pullback towards the $2,108 support level could occur. If this support is lost, the price may decline further towards the $2,000 range.
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The overall market direction will become clearer based on how Ethereum reacts to these key support and resistance levels. Investors should closely monitor volume movements and broader market trends.
Ethereum’s short-term movements are also highly influenced by Bitcoin’s price action. Therefore, the overall trend in the crypto market and global economic developments will continue to play a crucial role in ETH’s price trajectory. Particularly, upcoming Ethereum upgrades and macroeconomic factors will remain key drivers of Ethereum’s direction.
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