CandleFocus Ethereum Price Trims Gains: Is the Rally Losing Steam?
2024-09-30
Author: Content Editor
The Ethereum price is undergoing a correction after facing resistance at $2,720 and is currently trading below $2,650. It may find support near the $2,600 level or the 76.4% Fib retracement level. On the upside, it is facing hurdles near $2,650 and $2,685, with a key bearish trend line forming at $2,650. If it breaks above the $2,720 resistance, it could see further gains towards $2,840 and $2,880. Conversely, if it fails to clear the $2,650 resistance, it may continue to move down with initial support at $2,600 and a major support zone at $2,550.
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