Ethereum (ETH) Price Update: What's Next?
Current Price: $2,505.51
24h High: $2,567.38
24h Low: $2,463.00
Technical Levels to Watch
Resistance:
$2,567: Short-term hurdle; a breakout above could push ETH toward $2,600+
$2,738: Strong resistance; last peak where sellers dominated
Support:
$2,460: Key short-term support; break below might signal further downside
$2,323 (MA-25): Mid-level support, offering cushion during corrections
$2,069 (MA-99): Major long-term support; strong buying zone if retested
Trend Insight
The price is hovering slightly below the 7-day MA ($2,547), showing a potential cooling-off after a strong rally. Volume is tapering off and the MACD is bearish (-21.07), suggesting a possible consolidation phase.
What’s the Move?
Watch for a bounce at support or breakout at resistance. Confirmation of either move can open new trading opportunities.
Sentiment: ⚖️ Neutral-to-Bearish (Short Term) | 📈 Bullish (Mid-Term if support holds)
Stay sharp, traders!$ETH