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Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500 Newsbtc 10 Sep 2024

Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500 🪙

Ethereum price started a recovery wave above the $2,250 level, clearing $2,280 resistance to move into a positive zone. The current price is above $2,320 and the 100-hourly Simple Moving Average. Despite this, Ethereum faces obstacles near the $2,375 level.

The significant resistance is near $2,400, and a close above this might push prices toward $2,450 or even $2,500. However, if Ethereum fails to clear $2,400, a decline could occur, with supports at $2,320 and $2,240. A move below $2,240 might push prices to $2,150 or further to $2,000.

Technical indicators show mixed signals; the hourly MACD is losing momentum in the bullish zone, whereas the RSI is above the 50 zone.

Quelle: www.newsbtc.com ↗

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