Ethereum Price Rallies Over 5% After Finding Support at $2,460
Ethereum Price Analysis
- Ethereum price increased over 5%, finding support at $2,460.
- Current trading price is approximately $2,580, above the 100-hourly Simple Moving Average.
- A bullish trend line is forming with support at $2,575 on the hourly chart.
- Resistance levels are noted at $2,680 and $2,720; a break could lead to further gains.
- If resistance at $2,720 is not cleared, downside support levels are at $2,620 and $2,580.
- A move below $2,580 may push the price toward $2,520 or $2,460.
Technical indicators show the MACD losing momentum in the bullish zone, while the RSI is above 50.
Key support level is at $2,580 and major resistance is at $2,720.