$ETH
ETH
1,931.03
-2.31%
🚨Ethereum declines after revisiting its key resistance zone🚨
Ethereum price was rejected near the upper consolidation range at $2,149 on Sunday and declined by 5.75% that day. ETH has been hovering around the $2,000 level for the past two days and, as of Wednesday, remains there.
If ETH experiences a correction, it could extend to the lower consolidation range at $1,747.
Like Bitcoin, Ethereum’s RSI shows bearish momentum gaining traction. At the same time, the MACD indicator printed a bullish crossover on Saturday that remains intact, suggesting the broader upside bias has not yet been invalidated.
However, if ETH closes above the upper consolidation range at $2,149, it could extend the recovery toward the next key resistance at $2,400.