Ethereum Price Upside Heats Up — $2,500 Barrier in Focus
Ethereum price started a major increase above the $2,350 zone. ETH is now showing positive signs and might aim for more gains above $2,380. If the bulls remain in action above $2,300, the price could attempt another increase. Immediate resistance is seen near the $2,340 level. The first key resistance is near the $2,365 level. The next major resistance is near the $2,380 level. A clear move above the $2,380 resistance might send the price toward the $2,420 resistance. An upside break above the $2,420 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term. If Ethereum fails to clear the $2,380 resistance, it could start a fresh decline. Initial support on the downside is near the $2,315 level. The first major support sits near the $2,260 zone. A clear move below the $2,260 support might push the price toward the $2,225 support or the 50% Fib retracement level of the recent upward move from the $2,062 swing low to the $2,385 high. Any more losses might send the price toward the $2,185 region. The main support could be $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,260 Major Resistance Level – $2,380Downside Break In ETH?
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