🔥Ether price analysis

Irma - Jun 26 - - Dev Community

📉 Ether Slips Toward $3,000 Support
Ether (ETH) has been gradually declining towards the key support level at $3,000. Bulls bought the dip to $3,240 on June 24 but are struggling to push the price to the 20-day EMA ($3,506).

🐻 Bears Eye $3,200
If the price turns down from the current level, bears will attempt to sink it below $3,200. If successful, the ETH/USDT pair could plummet to the psychological level of $3,000. Buyers are expected to fiercely defend the $3,000 to $2,850 zone.

📈 Upside Resistance
On the upside, bulls need to push and sustain the price above the 20-day EMA to signal a reduction in selling pressure. This move would clear the path for a potential rally to $3,730.

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