The price of Ethereum (ETH) has experienced positive momentum recently, rising above moving average lines and attempting to regain its upward trend. The altcoin's decline has been halted at the $2,500 support level and it is expected to rise and potentially break through the $2,800 barrier, indicating continuation of the positive momentum. However, if Ether loses the $2,500 support, there is a risk of further decline, testing the previous low at $2,300. The resistance levels for ETH are at $4,000 and $4,500, while support levels are at $3,500 and $3,000. On the 4-hour chart, Ether has been trading sideways between the support at $2,300 and the resistance at $2,700 since September 23. The analysis and forecast provided are the personal opinions of the author and not a recommendation to buy or sell cryptocurrency. Readers are advised to do their own research before investing.



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