Ethereum Price Struggles Below Key Resistance Levels at $2,800
Ethereum Price Update
- Ethereum has started an upward move above $2,550, surpassing $2,600 and $2,620.
- The price is struggling below $2,750 and the 100-hourly Simple Moving Average.
- A key bullish trend line was broken with support at $2,800 on the hourly chart.
- If it remains below $2,800, a decline may occur.
Resistance and Support Levels
- Main resistance levels are at $2,880 and $2,920.
- If cleared, a potential rise to $3,000 could follow.
- Initial support is near $2,630; major support at $2,600.
- A drop below $2,600 may lead to further declines toward $2,500 and $2,420.
- Next key support level is at $2,350.
Technical Indicators
- MACD is losing momentum in the bullish zone.
- RSI is below the 50 level.