Ethereum Price Declines Below $2,550 with Key Support at $2,450
Ethereum Price Update
- Ethereum price declined below $2,620 and is consolidating losses.
- Current trading is below $2,550 and the 100-hourly Simple Moving Average.
- A bullish trend line was breached with support at $2,540.
- The price tested the $2,450 zone; consolidation phase began.
- Resistance levels are at $2,540 and $2,565, with a major resistance at $2,620.
- If ETH rises above $2,680, it could target $2,800 or $2,880.
- Initial support is near $2,500; major support at $2,450.
- Further declines could lead to targets of $2,320 and $2,240.
Technical indicators show the MACD losing momentum in the bearish zone and the RSI is below 50.