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Ethereum Technical Analysis: ETH Stabilizes Amid Key Resistance

Author: Content Editor
The price of Ethereum has stabilized within a narrow range between $2,470 and $2,537. Both oscillators and moving averages indicate neutral-to-bearish signals, suggesting a pause in short-term momentum. The daily chart shows a bearish undertone with lower highs and lows, but steady positioning around $2,500 could indicate the formation of a potential base. Low trading volume suggests a reduction in selling activity. Key support is between $2,400 and $2,500, while resistance may emerge between $2,700 and $2,750 if bullish pressure increases. A breakout above $2,525 on the 4-hour chart could lead to a short rally. The moving averages indicate a more bearish outlook, with resistance to upward movement unless there is a breakout with strong volume support. A bullish scenario depends on a breakout above $2,550 with rising trading volume, while a bearish perspective suggests a retest of the $2,400 level.

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