#ETH

Ethereum Price Struggles With Key Support Level

Ethereum price has been hovering around the $2,618 level for the past nine days with no impulsive moves away from it in either direction. This outlook from ETH is quite opposite with what’s happening with Bitcoin price. For now, ETH price is likely to slide lower to collect the sell-side liquidity resting below $2,510 before a reversal could occur.

The Relative Strength Index (RSI) also looks weak as it hovers below the 50 mean level, suggesting a potential correction in ETH price before an uptrend kickstarts.

A failure to recover above $2,618 after a liquidity sweep of $2,510 will signal weakness from ETH bulls. Such a development for Ethereum price predicts further.

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