Ethereum Price Faces Renewed Pressure—Is a Breakdown Imminent?
Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone. Ethereum started a fresh decline below the $2,720 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,720. Ethereum Price Dips Again Ethereum price attempted a fresh increase above the $2,650 level, like Bitcoin. ETH broke the $2,720....
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Ethereum (ETH) is trading at a crucial juncture after reclaiming the $3,450 level, showing early signs of stabilization following weeks of volatility. While bulls are slowly regaining ground, upward momentum remains fragile as traders await confirmation of a sustained breakout. The recent bounce has sparked renewed optimism, but Ethereum still faces significant resistance around the […]