Ethereum Price Rises Over 5% After Finding Support at $2,550
Ethereum Price Overview
Ethereum (ETH) has found support at $2,550 and is experiencing an increase of over 5%. Currently, it is approaching the $2,800 resistance level.
- Price increased above $2,550 and $2,720.
- Current trading near $2,720 with a bullish trend line forming at $2,610.
- Potential for further gains if it surpasses the $2,800 resistance zone.
- Resistance levels at $2,780 and $2,840; breakout may lead to $2,920 or $2,950.
- Initial downside support at $2,700; major support at $2,650 and $2,610.
- A drop below $2,650 could push the price toward $2,550.
Technical Indicators
- MACD indicates bullish momentum.
- RSI is above the 50 mark.