Ethereum Price Declines Below $2,700 as Support Levels Tested

Ethereum Price Update

Ethereum price has declined below the $2,700 level and is currently trading under this threshold.
A bearish trend line with resistance at $2,680 is forming on the hourly chart.
Initial support is near $2,525; major support levels include $2,440 and $2,320.
Failure to overcome $2,700 may lead to further declines, with potential targets at $2,250 and $2,120.
Resistance levels are at $2,680, $2,700, and critical resistance at $2,880 and $2,920.
An upside move beyond $2,920 could push prices toward $3,000 or higher.

Technical indicators show MACD gaining bearish momentum and RSI below 50.