news 
Ethereum Price Analysis: Will ETH Pull Back to $2.8K Before Next Leg Up?
The cryptocurrency market has been experiencing significant fluctuations in recent times, and it is no surprise that we are seeing a lot of interest in Ethereum’s price action. As the cryptocurrency continues its upward trajectory, many investors are wondering if we will see a pullback to $2.8K before the next leg up.
In order to answer this question, let us take a closer look at some technical analysis data.
ETH has recently seen a notable influx of buying pressure, breaking above the key resistance level of $2.8K for the first time in several months. This move is a significant shift from recent trends and suggests that there may be an increasing amount of demand for the cryptocurrency.
However, Ethereum’s rally was halted near the $3K level, indicating that momentum has cooled somewhat. We are seeing some signs of consolidation and correction, which could potentially lead to a pullback to the $2.8K region.
Source: cryptopotato.com
