CandleFocus Ethereum Price at Support: Will It Bounce or Break?
2024-10-09
Author: Content Editor
The price of Ethereum has corrected its gains and tested the $2,400 support level. It is currently consolidating and may aim for a fresh increase above the $2,465 resistance level. If it successfully breaks above this resistance, it could potentially rise towards the $2,500 and $2,600 resistance levels. On the downside, if it fails to clear the $2,465 resistance, it may start another decline and find support at $2,390, followed by $2,325 and $2,240. The technical indicators show that the MACD is losing momentum in the bearish zone, while the RSI is now above the 50 zone.
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