Crypto analyst Ben Gray has asserted that the Ethereum price is bullish and revealed the price range that the leading altcoin is targeting. However, ETH is set to face major resistance at $2,100, a level which it needs to break out from as it targets new highs.
Ethereum Price Faces Major Resistance At $2,100
In a TradingView post, Ben Gray revealed that the Ethereum price is facing a key resistance level at $2,160 even as it eyes a rally to new highs. Despite this development, the analyst asserted that ETH’s market is bullish. While noting that the leading altcoin is fluctuating between $2,044 and $2,080, he remarked that there are signs that Ethereum initially formed a bottom.
Based on his analysis of the 4-hour candlestick chart, Gray stated that the Ethereum price is attempting to break through upwards, with the key resistance level at $2,160. He further showed his optimism for ETH in 2025 by stating that the expected range is…
