CandleFocus Ethereum Price Gains Bullish Momentum: Is a Breakout Near?
2024-10-14
Author: Content Editor
The Ethereum price has experienced a steady increase, surpassing key resistance levels and moving into a positive zone. It has reached as high as $2,518 and is currently consolidating gains above the $2,450 level. The price is supported by the 100-hourly Simple Moving Average and a bullish trend line around $2,455. However, it faces hurdles at the $2,520 and $2,550 levels. If it fails to clear these resistances, it may experience a decline with initial support at $2,480. On the upside, a break above $2,550 could lead to further gains towards the $2,580 level and potentially the $2,620 resistance zone.
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