Ethereum Price Consolidates at Support—Will It Fuel the Next Move?

Ethereum Price Consolidates at Support—Will It Fuel the Next Move?

Ethereum price is consolidating above the $2,500 zone. ETH might gain bullish momentum if it clears the $2,700 resistance zone.


  • Ethereum started a fresh decline below the $2,650 level.

  • The price is trading below $2,680 and the 100-hourly Simple Moving Average.

  • There is a connecting bearish trend line forming with resistance at $2,690 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start a decent upward move if it settles above $2,700 and $2,735.

  • Ethereum Price Eyes Upside Break


    Ethereum price started a fresh decline below the $2,800 support zone, like Bitcoin. ETH declined below the $2,750 and $2,700 support levels to move into a short-term bearish zone.


    The price dipped and tested the 50% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Finally, it found support near the $2,500 zone. The price is now
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