The bearish influence in the crypto market has caused a pullback in Ethereum's price, which is now trading below $2,700. The price is testing a long-standing support trendline, but recent attempts to break past resistance levels have been unsuccessful. However, there is still a possibility of a bullish breakout, with potential upside towards the $3,000 mark if a breakout occurs. The RSI line is showing bullish reversal signs, but the declining trend in dynamic average lines poses a threat. If the support trendline is broken, the price may test the $2,224 support level. Weak confidence from Ethereum whales and their deposits to exchanges also support the chances of a breakdown.



Other News from Today