CandleFocus Ethereum Price Consolidates Gains: Is It Ready for Another Push?
2024-10-31
Author: Content Editor
The Ethereum price has experienced a fresh increase, surpassing the $2,600 resistance level and entering a positive zone. It has formed a base above $2,550 and climbed above key resistance levels. Currently, the price is consolidating gains and facing hurdles near $2,650. The next major resistance is near $2,700, and if the price manages to break above $2,720, it could rise towards the $2,880 resistance. On the downside, initial support is near $2,600, followed by $2,540. A move below $2,540 might push the price towards $2,500, and further losses could lead to a decline towards $2,450. The MACD indicates losing bullish momentum, while the RSI is currently above 50.
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