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Ethereum Price Sets Its Sights on Higher Levels: Can Bulls Maintain Momentum? Newsbtc 6日前

Ethereum Price Sets Its Sights on Higher Levels: Can Bulls Maintain Momentum? 📈

Ethereum

Ethereum price is showing signs of recovery, moving above the $2,650 zone. Currently trading below $2,850, it aims to surpass the $2,880 resistance. A break above this level could lead ETH towards $3,000 and higher levels, potentially reaching $3,120 or even $3,250.

Following a previous decline to $2,120, Ethereum was able to recover above the $2,550 and $2,650 resistance levels. However, further upwards movement depends on overcoming hurdles near $2,840 and the 100-hourly Simple Moving Average.

If ETH fails to achieve this, it may decline, with initial support at $2,700 and major support around $2,640. A continued drop could push ETH to $2,550 or even $2,500.

Technical indicators show positive signs with the hourly MACD gaining in the bullish zone, while the RSI is above the 50 mark.

出典: www.newsbtc.com ↗

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