- Ethereum surged above $2,000, reversing previous bearish sentiment.
- Large holders withdrew significant ETH from exchanges.
- Despite the bounce, the larger trend remains bearish with support testing below $2K.
Just yesterday, the market seemed to have written off Ethereum, with even optimistic analysts losing hope. However, in a classic crypto turnaround, Ethereum surged back, reclaiming the $2,000 mark.
Now that the price is holding above this key level, the question investors are asking is: how high can Ethereum realistically go for March 21st.
Key Price Levels to Watch for Ethereum
Despite this recent bounce, the overall price structure for Ethereum still leans bearish. While the current recovery is underway, Ethereum is testing key support levels, and the broader trend still faces downward pressure.
Ethereum had earlier seen buying interest around the high $1,800s, just below $1,900. If the current upward momentum continues, resistance is likely to be encountered in the $2,100 to $2,200 range.
If Ethereum can decisively break through this resistance zone and establish it as new support, the market sentiment could shift to a more bullish outloo…
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