The price of Ethereum has begun to increase after testing the $2,080 zone. It has surpassed the $2,200 and $2,320 resistance levels, breaking a key bearish trend line at $2,240. The price reached a high of $2,550 and is currently experiencing a correction. Ethereum is now trading above $2,350 and the 100-hourly Simple Moving Average. It faces hurdles at the $2,500 and $2,550 levels, with the potential for further gains if it breaks above $2,650. On the other hand, failure to clear the $2,550 resistance could lead to a decline, with support at $2,400 and $2,360. The next key support is at $2,080. The MACD is showing a loss of momentum in the bullish zone, while the RSI is above 50.



Other News from Today