As Ethereum (ETH ($3,152.35)) 
$3,145 approaches the $3,300 mark, prominent crypto analyst Credible highlights a crucial turning point. The analyst notes that ETH is forming a local bottom and may remain stagnant at these levels before a potential rise. Maintaining this price level is critical; otherwise, it risks dropping below $2,800.
Ethereum’s Support Level Plays a Critical Role
According to Credible, it is essential to uphold the support level at $3,000 for Ethereum. Losing this level could lead ETH to fall below $2,800. However, this area is perceived as a strong demand zone, and ETH’s movements here could determine its future direction.
The analyst predicts that Ethereum could bounce from its current bottom, potentially surpassing $4,000. Given the current price movements, it is advised that investors remain cautious. If ETH can maintain the $3,00…
