Ethereum Approaches Make-or-Break Level for the Current Cycle

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Ether prices are at a critical point that bulls need to defend to prevent another major dump.

“ETH decision time here,” said analyst “Daan Crypto Trades” on Monday in reference to a critical price zone that needs to be defended.

Ether is trading above a significant $2,800 level, which has acted as a strong support and resistance throughout this entire cycle, he observed.

“Price is finding some sort of support for the time being, but it is essential for the bulls to defend this area.”

Earlier this year, this price level served as resistance before the asset finally broke out in July. In 2024, it served as support during the Ether rally.

A break below this level could see ETH prices crash to the next major support zone, which is around $2,170. Resistance currently lies just above $3,400, making it the next target for the bulls.

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