The Ethereum price is struggling to break above the $2,880 resistance level and is currently moving lower towards the $2,320 support. Despite a short-term positive trend, the bears took control above $2,800 and the price started to decline. Ethereum is now trading below the $2,700 level and the 100-hourly Simple Moving Average, with a connecting bearish trend line forming. On the upside, the price faces hurdles around the $2,680 level and the 100-hourly SMA, with the main resistance forming near $2,880 or $2,920. A clear move above $2,920 could send the price towards the $3,000 resistance. However, if the price fails to clear the $2,700 resistance, it could experience another decline. The initial support is near $2,525, followed by the $2,440 zone. A move below $2,440 might push the price towards the $2,320 support and potentially even lower towards $2,250. The next key support sits at $2,120. The technical indicators show a bearish momentum with the MACD in the bearish zone and the RSI below 50.



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