NewsBTC
Nov 24, 2025
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Ethereum Price Struggles Below $2,890 Facing Key Resistance Levels

Ethereum Price Analysis

  • Ethereum's price dropped below $2,800, testing the $2,620 level.
  • Currently trading near $2,840 and the 100-hourly Simple Moving Average.
  • A key bearish trend line shows resistance at $2,960 on the hourly ETH/USD chart.
  • If it settles below $2,720, further decline is possible.

Ethereum Price

Resistance and Support Levels

  • Resistance levels: $2,890, $2,920, and $2,960. Breaking above $2,960 may push the price toward $3,020 or higher.
  • Support levels: Initial support at $2,800, major support at $2,720. A move below $2,720 could lead to a drop toward $2,650 or lower.

Technical Indicators

  • Hourly MACD: Losing momentum in the bearish zone.
  • Hourly RSI: Above the 50 zone, indicating a potential recovery attempt.

The Ethereum price is attempting recovery, facing significant resistance near $2,890. Failure to clear this level might lead to further declines.