Ethereum is attempting to recover its price above $2,280, but it may face resistance near the 100-hourly Simple Moving Average (SMA). To continue its upward momentum, ETH will need to break through the $2,360 resistance level. However, if it fails to do so, the price could experience another decline. Support levels to watch include $2,250, $2,180, and $2,150. Additional losses may bring the price down to $2,050, with a major support level at $2,000. The MACD indicator shows decreasing bearish momentum, while the RSI is currently above the 50 zone.
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Ethereum Price Recovery May Stall Near 100-SMA: Is a Drop Coming?
