Ethereum Price Surpasses $2,550, Aiming for Further Gains
Ethereum Price Update
- Ethereum has increased above the $2,450 zone and is trading over $2,575.
- A short-term rising channel forms with support at $2,570.
- If supported above $2,520, further gains could occur.
- Resistance levels are at $2,625, $2,640, and $2,650; a break above $2,650 may lead to a rise towards $2,720.
- If resistance at $2,620 holds, initial support is at $2,570, with major support at $2,520.
Technical indicators show a weakening bullish momentum with MACD losing strength, while RSI remains above 50.