Ethereum price struggled to clear the $2,750 resistance and is now consolidating near $2,635, risking further downside. The price is trading below $2,700 and the 100-hourly Simple Moving Average.
A key contracting triangle broke below support at $2,695, risking further losses if ETH drops under $2,635.
Ethereum outperformed Bitcoin but faced heavy resistance at $2,750, correcting gains and trading below critical levels. The first major support sits near the $2,600 zone.
If Ethereum fails to clear $2,700 resistance, it could move down with major support at $2,600. A breakout above $2,800 may lead to $2,880 resistance zone in the near term.
