Ethereum (ETH) price is moving up again after finding strong support at $2,460. Right now, ETH is up over 5%, and it may soon try to break above the $2,720 resistance level.
ETH Price Is Going Up
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Ethereum started rising after holding support at $2,460.
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It broke through $2,550 and $2,620, which are important levels.
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ETH went up to $2,650, but sellers stopped it near $2,720.
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After that, ETH went down a little and is now trading around $2,580.
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A bullish trend line is forming, giving support near $2,575.
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The price is staying near the 100-hour simple moving average, which is a good sign.
What Could Happen Next?
If ETH breaks above $2,720, it might try to move to:
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$2,750 – first big resistance
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$2,800 – next strong level
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If ETH goes above $2,800, it could reach $2,880 or even $2,920 soon
What If ETH Goes Down?
If ETH can’t break above $2,720, it might fall. The support levels to watch are:
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$2,620 – minor support
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$2,580 – major support and also near the 50% Fibonacci retracement level
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If it falls below $2,580, it may go down to $2,520 or $2,460
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Worst case, it could drop to $2,420
Indicators
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MACD: Losing strength but still in the bullish zone.
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RSI: Above 50, which means buyers are still strong.
Key Levels
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Support: $2,580
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Resistance: $2,720
Disclaimer: This article is
for information only and not financial advice.
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