Ethereum Price Rises Above $2,500 With Potential for $3,000 Target
Ethereum Price Update
Ethereum price has found support at $2,440 and is experiencing an upward trend.
- ETH has increased above $2,500 and $2,520.
- The price is currently above $2,540 and the 100-hourly Simple Moving Average.
- A bullish trend line is forming with support at $2,500 on the hourly chart.
- Clearing the $2,620 resistance may strengthen the upward movement.
Key price levels include:
- Immediate resistance at $2,620
- Next major resistance at $2,650
- Further resistance at $2,720 and potential gains towards $2,840 if surpassed
If Ethereum does not break above $2,620, it may decline. Supports are located at:
- Initial support near $2,525
- Major support at $2,500 and the trend line
- Further support at $2,440 and $2,420
- Key support at $2,350
Technical indicators show:
- MACD is gaining momentum in the bullish zone
- RSI is above 50
