On August 26, 2024, Ethereum's price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance.
Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining Ethereum's near-term trajectory.
Ethereum’s daily chart shows a strong downtrend, indicating the challenges it faces in breaching the critical $2,800 resistance level.
