Foreign Media: "Whether ETH breaks through the $2,400 resistance level is a watershed moment for sustained bullish trend"

CryptoPotato analyzed that whether Ethereum (ETH) continues its recent bullish trend or turns bearish depends on whether it effectively breaks through the $2,400 resistance level. The media explained, "On the daily chart, ETH is trading around $2,300 and has tested the $2,400 resistance level four times over the past six weeks. The key resistance zone at $2,400 is the point where the upper resistance line of the descending channel intersects with the 100-day moving average (MA)." It further assessed, "If the daily candle closes above $2,400, the next target price could be $2,800, but if it fails to break through, there is also a possibility of a drop to the $1,800 level."