$ETH Ethereum's current price is $2,769.19, with a market capitalization of $323.28 billion. The cryptocurrency has shown strength, breaking out of a descending trendline and moving upward. However, it faces resistance at $2,647, a key level to watch. If Ethereum breaks above this resistance, it could target $3,529.12 and potentially $3,737.14.
On the downside, failure to hold support levels could see ETH revisit the $2,260 - $2,110 range. Key support zones to watch include $2,500, $2,400, and $2,350. The Relative Strength Index (RSI) is currently in the neutral-to-bullish zone, indicating potential for growth. The Moving Average Convergence Divergence (MACD) shows bullish momentum, but with slightly weakening momentum, suggesting a potential short-term correction.
Overall, Ethereum's price action suggests a mix of bullish and bearish signals. Traders should keep a close eye on key resistance and support levels to gauge the cryptocurrency's next move. With its strong market capitalization and growing adoption, Ethereum remains a popular choice among investors and traders.
