Current price: 2320
Key point: 2280
Our preferred strategy: Buy positions above 2280 with a first target of 2415 and then a second target of 2520.
Alternative scenario: Stop loss and trend reversal upon breaking the 2220 level, targeting levels of 2175.
Technical commentary
Ethereum is holding above the support level of 2280, near the upward trend line from the low of last June. If it breaks through the resistance level of 2320, the price will then head towards the 2415 level, and if it breaks through that level, the price will continue its rise to the 2520 level.
