Ethereum’s price has faced difficulties in rising above the $2,550 and $2,580 resistance levels, following in the footsteps of Bitcoin. As a result, it has dipped below the $2,500 support zone. Despite attempting a fresh increase, Ethereum has been unable to surpass the $2,550 mark. It is currently trading below $2,500 and the 100-hourly Simple Moving Average, with a connecting bearish trend line forming resistance near $2,480. The next significant resistance levels are at $2,520 and $2,620, while support levels sit at $2,440 and $2,425. The MACD for ETH/USD is showing bearish momentum, and the RSI is below the 50 level. As with any investment decision, it is important to conduct thorough research and be mindful of the risks involved.
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Ethereum Price Dips Alongside Bitcoin, Decoding Key Hurdles To Fresh Increase
