The Ethereum price is aiming for a new high, following a similar trend to Bitcoin. To continue rising, ETH needs to surpass the $2,665 level. It has found support at $2,550 and has cleared the $2,600 resistance level. However, its upside potential is currently lower compared to BTC. Ethereum is now trading above $2,620 and the 100-hourly Simple Moving Average. It is facing hurdles near the $2,665 level, with the next major resistance at $2,700. On the downside, initial support is at $2,600 and the first major support is at $2,550. If the $2,665 resistance is not cleared, Ethereum could experience a decline, with potential support levels at $2,525 and $2,480. The MACD indicator is losing bullish momentum and the RSI is now below 50.



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