Ethereum Price Shows Weakness: Can It Overcome The Struggles?
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Ethereum price has shown difficulty in maintaining its position above the $2,550 resistance zone, despite showing some signs of recovery. Trading below $2,550 and the 100-hourly Simple Moving Average, ETH needs to clear this level to potentially rise towards $2,865 and higher levels.
Downside support stands around $2,300 and further declines could push ETH towards the $2,150 and $2,050 support levels. Technical indicators show momentum in the bullish zone but caution is warranted.
Ethereum's price movements mirror those of Bitcoin, indicating a broader market trend that traders should monitor closely.
Fonte: www.newsbtc.com ↗
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