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Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble? Newsbtc 2 maanden geleden

Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble? 📉

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.

Bron: www.newsbtc.com ↗

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