Ethereum has seen a steady increase above the crucial resistance of $2,450, marking a potential bullish momentum. Currently, ETH is trading above this level, supported by the 100-hourly Simple Moving Average and a key bullish trend line near $2,455.
The price has faced resistance around the $2,520 mark, with the first significant resistance at $2,550. If Ethereum surpasses these barriers, it could climb towards resistance levels of $2,580 and subsequently $2,620.
However, failure to clear the $2,520 resistance may result in a decline. Support levels to watch include $2,480 and $2,455, with further declines possibly pushing the price toward $2,350. Technical indicators such as the MACD and RSI indicate bullish momentum.
