#ETHCrossed2500 Ethereum (ETH) recently experienced a significant price increase after the Pectra upgrade, with the current price around $2,504.62, and has reached a 2-month high of $2,366 before facing resistance at the $2,500 level.
*Price Resistance and Support:*
- *$2,500*: An important resistance level that Ethereum needs to break to continue the upward trend and potentially reach $2,654
- *$2,513*: A significant resistance level that Ethereum has struggled to break after the Pectra upgrade
- *$2,344*: An important support level that can determine the direction of Ethereum's price movement
*Technical Indicators:*
- Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) for Ethereum are nearly flipping bullish, which could strengthen the upward momentum of the cryptocurrency
- Ethereum's development activity and social sentiment show signs of growth
*Price Prediction:*
- If Ethereum breaks through $2,500, it could reach $2,654 and cancel the current bearish outlook
- Failure to break $2,500 may lead to a decline to $2,344 or lower, potentially testing the $2,141 level¹ ²
