#Ethereum's Price Struggle: Will It Break $2,850 Resistance?
$ETH price dropped below $2,900, raising concerns about a sustained recovery. The cryptocurrency fell to $2,775 before consolidating, trading beneath key technical levels. To mount a recovery, #Ethereum needs to clear $2,850 resistance, with the 50% Fibonacci level at $2,880 and major resistance at $2,925. ¹ ²
*Key Technical Indicators:*
- *RSI*: Neutral, indicating balanced momentum between buyers and sellers
- *MACD*: Weakening momentum, losing strength in bearish territory
- *Support Levels*: $2,800, $2,775, and $2,620
- *Resistance Levels*: $2,925, $3,000, and $3,080
Breaking above $2,925 could push Ethereum towards $3,000, while failure to reclaim $2,850 risks further downside pressure.
Want to know more about Ethereum's technical analysis or potential price movements?
