๐Ÿ’ฅ Ethereum Update: $ETH struggles under $2,850 resistance

After failing to hold above $2,950, $ETH dropped to $2,775 before consolidating. Currently, it trades below the 100-hour SMA and faces resistance at $2,850 and $2,925 (trend line + 50% Fib).

๐Ÿ”น Key Levels:

Resistance: $2,850 โ†’ $2,880 โ†’ $2,925

Support: $2,800 โ†’ $2,775 โ†’ $2,720 โ†’ $2,640 โ†’ $2,620

โšก Technical Outlook:

Bulls need $2,925 to target $3,000โ€“$3,120.

Failure to reclaim $2,850 may accelerate downside.

MACD weakening, RSI <50 โ†’ momentum favors bears.

#Ethereum #ETH #CryptoTrading