Ethereum Price Holds Steady with Potential Rally Towards $2,800, Technical Indicators Signal Strength
Ethereum (ETH) exhibits strength, trading above $2,550 and the 100-hourly SMA. A bullish trend line near $2,590 provides support, while resistance lies at $2,640 and $2,680. Breaking $2,680 could lead to further gains towards $2,880. Downside correction may find support at $2,590 and $2,465, with significant support at $2,350. Technical indicators show positive sentiment, but traders should monitor closely for potential opportunities.
Xu Lin