$ETH needs to find support

The price of Ethereum has risen by 42% over the past seven days, and it is currently trading at $2,577. Ethereum aims to surpass the resistance level of $2,654 while maintaining stability above the support level of $2,500 to continue its upward momentum.

With the price of Ethereum just 16% away from reaching $3,000, it faces a challenge from selling pressure; however, the strong support range mentioned above may prevent the price from declining. Therefore, once the selling stops, Ethereum will have another opportunity to rise, provided it secures a support level of $2,814. If market conditions worsen overall, Ethereum faces the risk of increased selling pressure as investors seek to minimize losses. A drop below $2,344 could lead to further declines to $2,141, undermining bullish expectations, and may halt the upward trend.