Ethereum (ETH) Price: ETH Is One Weekly Close Away From a Run to $3,000 – Watch These Levels

TLDR

• ETH is trading around $2,450–$2,460 after a 34% recovery from recent lows near $1,900
• A bull flag pattern on the 4-hour chart puts resistance at $2,500–$2,550
• Daily RSI is at 75.59, showing overbought momentum
• Whale sell walls are stacked at $2,550 and $2,600; a buy wall sits near $2,400
• A weekly close above $2,400–$2,450 could open the path toward $2,823 and beyond

Ethereum is trading near $2,450 after a sharp recovery from lows around $1,900. The price reached a weekly high of $2,545.88 on Aug. 21 before pulling back into a tight range between $2,400 and $2,500.

The move from $1,900 to the weekly peak represented a gain of nearly 34%. ETH had spent much of August moving sideways below $1,950 before breaking through $2,000 and climbing toward $2,500.

Crypto analyst Donald Dean noted that Ethereum has broken above a descending trendline from its previous decline. Former resistance in the $2,400–$2,450 zone is now beginning to act as support, which analysts say is a constructive sign.

… Continue reading the full article at the original source below.