Ethereum Price Consolidates Below Resistance—Will Bulls Break Through?
Ethereum (ETH) is currently in accumulation mode, trading above key support levels as it faces resistance near $2,100.
Key Highlights:
ETH is holding strong above $2,020 and the 100-hourly SMA.
A bullish trend line is forming with support at $2,010 (Kraken data).
Resistance at $2,075 and $2,100 remains a key hurdle.
Price Outlook:
🔹 Bullish Case: If ETH clears $2,100, it could rally toward $2,150 and $2,200. Further upside could take the price to $2,250 or even $2,320.
🔹 Bearish Case: If ETH fails to break resistance, support at $2,020 and $2,010 could be tested. A breakdown below these levels may trigger a drop to $1,965 or $1,920.
Technical Indicators:
MACD: Losing momentum in the bullish zone.
RSI: Below 50, signaling possible weakness.
Traders should watch for a decisive move above $2,100 or a breakdown below support. Is Ethereum ready for its next breakout?
