According to analysts, the current trading range for Ethereum (ETH) is established between critical supply zones of $1,540 and $1,630. Observers are closely monitoring price movements within this range as a breakout could signal significant price action in the near term. Should ETH break above the upper threshold, it may indicate bullish sentiment, potentially pushing prices higher. Conversely, a decline below the lower range could suggest bearish momentum, possibly resulting in further declines. Traders are advised to remain vigilant as these price levels are pivotal for determining the future direction of Ethereum’s trajectory.
Source: https://en.coinotag.com/breakingnews/eth-trading-between-key-supply-zones-what-analysts-expect-for-the-next-move/