Technical analysis by Financebroker about Symbol ETH: Buy recommendation (1/11/2024)

Yesterday's bullish consolidation pushed the price of Ethereum to the $2644 level. With this jump, this year's new high was formed, and the previous time we were at that level was in May 2022. Today, we are looking at consolidation taking place in the $2560-$2620 range. The price of Ethereum remains high, which could influence us to see a break above and the formation of a new high. Potential higher targets are $2680 and $2700 levels.