The given content outlines the recent price movement of Ethereum (ETH) and its struggle to stay above the $2,550 support level. ETH experienced a decline below $2,520 and $2,500, reaching a low of $2,411. However, it is now attempting to recover and has seen a move above the $2,450 resistance level. There was also a break above a bearish trend line with resistance at $2,450 on the hourly chart. The current trading level is below $2,500 and the 100-hourly Simple Moving Average. Key resistances are seen at $2,500, $2,520, and $2,550, with a clear move above $2,550 potentially leading to more gains. On the other hand, failure to clear the resistance could result in another decline, with initial support near $2,450 and major support at $2,400. The technical indicators show a loss of momentum in the bearish zone for the MACD and the RSI above the 50 zone.



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