Ethereum Price Fails to Break $3,000—Is the Uptrend in Danger?

Feb 24, 2025 04:00 am Cryptocurrency 105

Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase.

Ethereum is still showing positive signs above the $2,680 zone.

The price is trading above $2,750 and the 100-hourly Simple Moving Average.

There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a decent upward move if it settles above $2,850 and $2,880.

Ethereum Price Eyes Fresh Increase

Ethereum price remained supported above the $2,650 level and recently started a decent upward move, outperforming Bitcoin. ETH gained pace above the $2,750 and $2,850 resistance levels.

The price even spiked toward $3,000 before the bears appeared. There was no upside continuation and the price corrected gains. There was a move below the $2,850 support. The price traded ..

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