CandleFocus Ethereum Price Tumbles: Will It Find a Way Back Up?
2024-11-01
Author: Content Editor
The Ethereum price has started to decline from its resistance level of $2,720 and is now below $2,550. It may struggle to see any significant increase in the short term. The price broke below a key bullish trend line and declined heavily. It is currently trading below the 100-hourly Simple Moving Average and is approaching the $2,460 support zone. On the upside, the price may face hurdles near $2,550 and $2,580, with the main resistance forming near $2,610. If the price fails to clear the $2,550 resistance, it could continue to move down and find support near $2,480 and $2,450. The next key support sits at $2,250.
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