Ethereum Price Surpasses $2,485, Eyes Move Above $2,520 Resistance

Ethereum Price Update

  • Ethereum price increased above $2,485 and is trading above $2,460.
  • Key support is at $2,450, with a bullish trend line present on the hourly chart.
  • Price resistance is noted near $2,520, with potential to reach $2,550 and $2,600.
  • A break above $2,680 could lead to further gains toward $2,750 or $2,800.
  • If resistance at $2,520 is not cleared, initial support is at $2,450, followed by $2,420.
  • A decline below $2,420 may push the price towards $2,400 and potentially $2,350.

Technical indicators show the MACD losing momentum while the RSI remains above 50.