Ethereum has been struggling with resistance levels after a recent price decline. The cryptocurrency tested its support at the $2,450 mark, marking a slight recovery but remains below $2,560. Critical resistance levels include $2,580 and $2,600. Successfully surpassing these levels could pave the way toward $2,650 and potentially $2,750.
A failure to breach the $2,560 mark could result in a new price downturn. Major supports are at $2,485 and $2,450, with further declines potentially pushing prices as low as $2,420.
Technical indicators show that the MACD is losing momentum in the bullish zone, while the RSI sits below 50, indicating continued caution is necessary.
