Ethereum Price Holds Above $2,650 and Targets Further Gains

Ethereum Price Update

• Ethereum is trading above $2,650 and the 100-hourly Simple Moving Average.
• A bullish trend line has formed with support at $2,700.
• ETH could rise if it settles above $2,750 and $2,780.
• The price faced resistance near $2,850 after reaching a high of $2,847.
• Current major resistance levels are at $2,800 and $2,820.
• Support levels are at $2,700, $2,680, and $2,620.
• If the price falls below $2,680, it may drop toward $2,550 or $2,500.

Technical Indicators

• MACD for ETH/USD is losing momentum in the bearish zone.
• RSI for ETH/USD is below the 50 zone.