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Ethereum reversed from resistance level 2160

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Ethereum cryptocurrency recently reversed down strongly from the pivotal resistance level 2160.00 (former multi-month support from January, acting as the resistance after it was broken) – standing near the 38.2% Fibonacci correction of the previous sharp downward impulse from the start of May. The upward reversal from the resistance level 2160.00 stopped the previous correction 4.

Given the strong daily downtrend and the worsening of the risk sentiment seen across the cryptocurrency markets today – Ethereum cryptocurrency can be expected to fall further toward the next support level 1910.00.

Last Updated: May 16, 2022

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Ethereum reversed from resistance level 2160

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