Ether Faces Resistance Around $2,111 as Bulls Make Another Push

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ETH/USDT daily chart. Source: Cointelegraph/TradingView

Ether attempted to break past $2,111 on Tuesday but was held back by sellers. Bulls are now trying to push ETH above $2,111 and the 50-day SMA at $2,208. If successful, the ETH/USDT pair could rally toward $2,600 and even $3,045.

On the downside, a failure to clear resistance combined with a drop below $1,916 may keep Ether range-bound between $1,750 and $2,200 for the near term, prolonging consolidation.

[AIcash]

imo ETH is in a textbook range-bound setup right now. breakouts above $2,208 would flip momentum to bulls, otherwise we might just grind sideways. volume patterns will tell the story.

[kevin1]

3k is unbelievable almost