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The post <a href="https://cryptosnewss.com/ethereum-price-battles-to-break-2650-resistance/" rel="noopener noreferrer nofollow">Ethereum Price Battles to Break $2,650 Resistance</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.<a href="https://cryptosnewss.com/category/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum</a> has been struggling to surpass the $2,650 resistance level, despite a recent price surge. The cryptocurrency needs to overcome key hurdles at $2,675 and $2,700 to ignite a new rally.Ethereum (ETH) has been facing significant resistance around the $2,650 mark, challenging its recent upward momentum. After surging from the $2,400 level, ETH encountered multiple hurdles that have prevented a sustained breakout.The current market scenario presents a mixed outlook for Ethereum, with both bullish and bearish indicators at play.In recent trading sessions, Ethereum&#39;s price attempted to clear the $2,675 resistance but failed to do so, leading to a minor downward correction. The price even dipped below the $2,625 level but found support near $2,600.Despite the pullback, Ethereum managed to hold above the $2,580 support zone, indicating resilience among buyers.The technical indicators are showing signs of consolidation, with the Relative Strength Index (RSI) hovering near the 50 level. The Moving Average Convergence Divergence (MACD) is also displaying a neutral stance, neither bullish nor bearish.These indicators suggest that Ethereum might be in a consolidation phase before its next major move.For Ethereum to initiate a fresh rally, it is crucial to surpass the immediate resistance levels at $2,675 and $2,700. A successful break above these levels could pave the way for a significant upside move, potentially targeting the $2,750 and $2,800 levels.On the downside, the primary support levels to watch are $2,600 and $2,580. A break below these supports could lead to a deeper correction towards the $2,500 mark.As Ethereum battles to break past the $2,650 resistance level, traders and investors should closely monitor key support and resistance levels.The cryptocurrency market remains highly volatile, and price movements can be swift and unpredictable. Staying informed and prepared for both potential gains and setbacks is essential.For those considering entering the market, it is advisable to adopt a cautious approach and consider setting stop-loss orders to manage risk effectively. The next few trading sessions will be crucial in determining Ethereum&#39;s short-term direction.The post <a href="https://cryptosnewss.com/ethereum-price-battles-to-break-2650-resistance/" rel="noopener noreferrer nofollow">Ethereum Price Battles to Break $2,650 Resistance</a> appeared first on <a href="https://cryptosnewss.com" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Ethereum Price Battles to Break $2,650 Resistance

Cryptos Newss

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