front pagenewsEthereum (ETH) Struggles – Can It Break Through Resistance?

Ethereum (ETH) Struggles – Can It Break Through Resistance?

Published on

spot_img

Ethereum (ETH) is consolidating at the support level of $2,550 like Bitcoin. The price may face heavy resistance at $2,880 and $3,080.

Ethereum price remains below key hurdle

Ethereum has stabilized above the $2,550 support area for the past few days. After a sharp decline towards the $2,090 level, ETH managed to recover some losses. Buyers remained active after the price stabilized above the $2,550 level.

It also stabilized above the 23.6% Fibonacci retracement level of the down move from the $4,094 high to $2,090 low. However, the price remains well below the $3,000 level and the 50-day simple moving average (blue).

Ethereum is now consolidating and trading around the $2,700 level. If there is a fresh increase, the price might try to break out of the $2,780 resistance.

On the upside, the price is likely to face resistance near the $2,800 level. The first major resistance level is near the $2,880 level. The next resistance level is near the $3,080 level and the 50-day simple moving average (blue).

A key bearish trend line has also formed on the daily chart with resistance at $3,080. It is close to the 50% Fibonacci retracement level of the down move from the $4,094 high to $2,090 low.

If the price clearly breaks above the $3,080 level, it may open the doors for a steady rise towards the $3,320 level. If ETH stabilizes above the $3,320 resistance level, it may drift towards the $3,620 resistance level.

Will Ethereum fall again?

If sellers remain active, more losses could be seen in the coming sessions. An immediate support on the downside is near the $2,620 level. The first major support is near the $2,550 level.

A daily close below the $2,550 level could lead to further declines for ETH. In this case, the price could decline and test the $2,360 support level. If the buyers fail to hold the $2,360 support, Ethereum could decline further in the next few days and retest the $2,090 support area.

Overall, Ethereum price is consolidating above the $2,550 support and it might attempt another up move. However, sellers are likely to take a hard stance near the $2,880 and $3,080 resistance levels.

Latest Articles

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...

帕维尔·杜罗夫获准离开法国,正值法律纠纷期间

YEREVAN (CoinChapter.com) — Telegram创始人帕维尔·杜罗夫(Pavel Durov)在2025年3月13日获得法国法院批准后,离开法国并前往迪拜。他的离开紧随2024...

这一区块链突破能否比Solana更快地带来20倍收益?

这种区块链突破能否带来比Solana更快的20倍收益?Lightchain AI 已经通过预售筹集了超过 1720 万美元,预售价格为 0.006 美元,并且将自己定位为加密领域最有前景的项目之一。凭...

More Articles

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...

帕维尔·杜罗夫获准离开法国,正值法律纠纷期间

YEREVAN (CoinChapter.com) — Telegram创始人帕维尔·杜罗夫(Pavel Durov)在2025年3月13日获得法国法院批准后,离开法国并前往迪拜。他的离开紧随2024...
en_GBEnglish