Ethereum’s Fate Hangs On This Multi-Year Support – Recovery Or Deeper Pullback Next?

2 hours ago

As the end of the month approaches, Ethereum (ETH)

Ethereum’s Fate Hangs On This Multi-Year Support – Recovery Or Deeper Pullback Next?

Ethereum’s Fate Hangs On This Multi-Year Support – Recovery Or Deeper Pullback Next?

As the end of the month approaches, Ethereum (ETH) is attempting to end February above the crucial $2,000 barrier. Some analysts have suggested that the upcoming monthly close could determine the fate of the King of Altcoin’s price trajectory.

ETH reclaims multi-year support trendline. Source. Trader Tardigrade on X
Ethereum risks a monthly close below key horizontal level. Source: Rekt Capital
ETH’s performance in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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