The Ethereum price is attempting to recover and break above the $2,320 resistance zone. It has surpassed the $2,280 resistance and is trading above the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,320. However, the price is facing hurdles near the $2,375 and $2,400 levels. If it fails to break these resistance levels, there could be another decline, with initial support at $2,240. The next key supports are at $2,150 and $2,000. Technical indicators show a loss of momentum in the bullish zone and the RSI is above the 50 zone.
- Content Editor ( newsbtc.com )
- 2024-09-10
Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500