The price of ETH cryptocurrency behaves quite technically.
During the last month of trading, Ethereum buyers kept the price from falling below $1,250 while retesting the strong liquid zone above.
This is a good signal of serious intentions and strength of buyers, and accordingly, a signal of possible future growth.
Today, the ETH cryptocurrency broke through the first local trend line, and is trying to establish itself above it.
A set of ETH longs from $1400-1450 is now justified and looks more secure.
The potential for growth is in the area of $2000-2100. In our opinion, it will be difficult to break the price of Ether above $2000-2100 the first time.
After all, $2000-2100 is a strong liquid zone, which in 2021 acted as support many times, and in 2022 – already as resistance from above. Also in this range, the trend line, which acts as the main resistance of sellers for the year, indicates a downtrend from November 2021.