Ethereum Price Update: Eyes on $2,600 Resistance
Ethereum (ETH) is showing promising signs on the 4-hour chart.
Currently, it’s trading around $2,550, sitting above the EMA50, which indicates a supportive trend for bulls.
Technical indicators show mixed but positive signals:
- RSI is neutral, suggesting neither overbought nor oversold conditions.
- MACD is signaling positive momentum, hinting at a possible move higher.
The key level to watch is $2,600, which acts as strong resistance. A clear break above this level could open the door for Ethereum to quickly reclaim the $3,000 zone.
Bottom Line:
If ETH breaks $2,600 with volume, it may accelerate toward $3,000. Traders should watch for a confirmed breakout before entering new long positions.
Stay tuned for further updates and analysis!
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