Ethereum’s Crucial Support Holds as Bulls Defend Key Price Levels

Analyst Daan Crypto Trades highlights Ethereum’s critical support level hovering near $2,800, a defining price point for the asset throughout its entire cycle. The analyst notes that price is currently finding some support at this level but emphasized the importance of bulls defending this area. This level served as resistance earlier in the year before breaking out, and more recently acted as support during a recent rally. 2024 saw this level protect Ethereum from a further decline. However, if ETH falls below this level, it risks crashing to the next major support zone at $2,170. Resistance currently lies just above $3,400, prompting further bullish action.