The price of Ethereum (ETH) has experienced a decline below the $2,600 level, entering a short-term bearish zone. It traded as low as $2,445 but has since started to recover. The price is currently facing resistance near the $2,550 level, with a key bearish trend line forming at $2,560. If ETH can break above the $2,600 resistance, it may continue to rise towards the $2,650 and $2,700 resistance levels. However, if it fails to clear the $2,550 resistance, it could start another decline with initial support around $2,520 and major support at $2,500.
- Content Editor ( newsbtc.com )
- 2024-10-24
Ethereum Price Faces Key Hurdles: Can It Break Through?