Ethereum’s price has been facing difficulties in breaking the resistance level of $2,800. The cryptocurrency has struggled to gather sufficient bullish momentum for a significant price rise.
Despite forming an ascending triangle pattern, which often suggests a potential upward movement, the lack of strong demand in recent months indicates that the breakout may not reach the expected target of $3,350.
Investors and traders are closely monitoring Ethereum’s performance, as market dynamics could influence whether the bulls are able to push the price higher, but current conditions suggest a more cautious approach.
