Ethereum's price has been making waves in recent days as it approaches a critical juncture. According to analysts, the cryptocurrency is nearing a key moment where two separate charts point to major resistance ahead.
One chart shows weakness below $2,400, indicating that buyers have not yet confirmed strength and sellers still exert pressure on the price. In contrast, another chart highlights a possible move toward $2,679 before sellers may step in again.
The current support level of $2,250 is under close scrutiny as Ethereum failed to reclaim $2,400 earlier this month. If ETH holds onto this zone, it could attempt another move toward $2,400, with the next upside levels appearing near $2,624 and $2,780 on the chart.
However, if Ethereum loses its support at $2,250, a deeper drop is likely to follow, with the lower green support zone near $1,800 becoming the next major area of focus. Additionally, Ethereum's price remains weaker than Bitcoin, making it vulnerable to any corrections in the larger cryptocurrency market.