Pullback and correction

Ethereum daily price analysis: Key resistances at $3300 and $3500. Watch for potential pullbacks to critical support levels at $3100 and $2900, essential for future trend direction.

7/31/20241 min read

Ethereum price chart showing significant resistances at $3300 and $3500, with potential pullback are
Ethereum price chart showing significant resistances at $3300 and $3500, with potential pullback are

In the daily time frame, Ethereum faces significant resistances. If the price reaches the $3300 and $3500 resistance levels, sellers might become more active, causing a pullback. This pullback allows the price to return to support levels, gathering the necessary liquidity for the next upward move. The $3100 and $2900 support levels are critical points where the price is likely to rebound, playing a key role in determining Ethereum’s future trend.