Key Levels in Ethereum Revealed by Analysts! Here Are the Price Levels That Must Be Protected

Cryptocurrency analysis firm MakroVision provided an update on the recent price movement of Ethereum, revealing key technical levels that could determine its next move.

According to MakroVision, Ethereum continues to remain weak after falling below the lower orange support region. ETH is currently trading near the lowest Fibonacci support levels, making a reversal at this stage very important to avoid further downward pressure.

According to the analysis company, if Ethereum manages to make a breakthrough, the key breakout zone is between $2,810 and $2,880 along with a red trend line. This range serves as a very important area for a potential trend change as it also includes several liquidity zones that could attract price movement.

However, if Ethereum fails to reclaim these levels, the next major support zone will be between $2,140 and $2,250, leaving little room for further protection against a deeper decline.

At the time of writing this article, the ETH price is trading at $2,267.