$ETH Ethereum nears the key resistance zone
Ethereum trades at $2,505 on Monday, holding a bullish near‑term bias as price sits comfortably above the 50-day, 100-day, and 200-day EMAs at $2,264, $2,146, and $2,203, respectively. The clustering of these EMAs below spot suggests an underlying bid, while the RSI near 60 hints at constructive, though not overextended, momentum. The MACD remains negative, reinforcing that the latest advance still faces some hesitancy despite the supportive trend backdrop.
On the topside, immediate resistance is seen at the horizontal barrier at $2,550, followed by the more distant psychological hurdle at $3,000.
On the downside, initial support comes from the 50-day EMA at $2,264, with deeper demand potentially emerging around the 200-day EMA at $2,203 and the 100-day EMA at $2,146. A more pronounced corrective phase would expose the structural floor near $2,000, while only a sustained break below $1,385 would seriously undermine the broader bullish structure.#AnthropicCEOCallsForAISlowdown
Ethereum trades at $2,505 on Monday, holding a bullish near‑term bias as price sits comfortably above the 50-day, 100-day, and 200-day EMAs at $2,264, $2,146, and $2,203, respectively. The clustering of these EMAs below spot suggests an underlying bid, while the RSI near 60 hints at constructive, though not overextended, momentum. The MACD remains negative, reinforcing that the latest advance still faces some hesitancy despite the supportive trend backdrop.
On the topside, immediate resistance is seen at the horizontal barrier at $2,550, followed by the more distant psychological hurdle at $3,000.
On the downside, initial support comes from the 50-day EMA at $2,264, with deeper demand potentially emerging around the 200-day EMA at $2,203 and the 100-day EMA at $2,146. A more pronounced corrective phase would expose the structural floor near $2,000, while only a sustained break below $1,385 would seriously undermine the broader bullish structure.#AnthropicCEOCallsForAISlowdown
