Ethereum Price Presses Resistance, but Can The Recovery Survive?
Ethereum price started a recovery wave above $2,98 The next major resistance is near the $3,150 level. A clear move above the $3,150 resistance might send the price toward the $3,220 resistance. An upside break above the $3,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,250 resistance zone or even $3,265 in the near term. If Ethereum fails to clear the $3,080 resistance, it could start a fresh decline. Initial support on the downside is near the $2,980 level and the trend line. The first major support sits near the $2,915 zone. A clear move below the $2,915 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,775. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,915 Major Resistance Level – $3,080Another Decline In ETH?
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