Ethereum (ETH) is currently at a critical point, facing both bullish and bearish possibilities. Recently, ETH struggled to break above the EMA20 level and is now testing a key support zone. Let’s break down what this means for Ethereum’s price in the coming days.
Bearish Scenario: Could ETH Drop to $1,600?
After failing to rise above resistance, sellers are trying to push ETH lower. The next important support level is $1,770.
If Ethereum falls below this point, we could see a deeper decline, possibly reaching $1,600.
Bullish Scenario: Can Ethereum Hit $2,400?
On the other hand, buyers are trying to hold the price above support. If they succeed and push ETH above the descending resistance line, the price could start recovering.
The first target would be $2,100, and if momentum continues, ETH could climb to $2,400 in April.
What’s Next for Ethereum?
The market is at a turning point.
Whether ETH moves up or down depends on how it reacts to these key levels.
Traders should watch for a breakout above resistance or a breakdown below support to confirm the next trend.
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