Ethereum Correction: Key Support Levels Analyzed

Ethereum Faces Decline Amid Resistance Levels

• Ethereum price began a decline from the $2,780 resistance zone.
• The price is currently trading below $2,650 and the 100-hourly Simple Moving Average.
• A key bullish trend line with support at $2,625 was broken on the hourly chart of ETH/USD.
• The pair may extend losses if it trades below the $2,550 support zone soon.
• Initial resistance levels are at $2,625 and $2,650, with major resistance near $2,720.

Ethereum’s price has dipped below significant support levels and could face further declines if it fails to recover above the critical $2,650 resistance. Initial support is found near $2,550.