Ethereum Price Faces Resistance at $3,180 Amid Consolidation

Ethereum's price is experiencing upward movement, surpassing key levels of $3,020 and $3,050. Currently trading above $3,075 and the 100-hourly SMA, ETH faces resistance at $3,150. A short-term contracting triangle indicates potential for further gains if it clears the $3,180 resistance.

ETH needs to break through $3,180 to aim for $3,220 and potentially $3,350.
If successful, prices could reach between $3,450 and $3,500.
Failure to exceed $3,180 might cause a decline, with initial support at $3,080 and major support at $3,015.
A drop below $3,015 could push ETH towards $2,975 or even lower to the $2,920 region.

Technical Indicators:

The MACD for ETH/USD is losing momentum in the bullish zone.
The RSI for ETH/USD is below the 50 zone.

Key Levels:

Major Support Level: $3,015
Major Resistance Level: $3,180

Ethereum Price