Ethereum Price Extends Gains, Faces Resistance
- Ethereum price reached a high of $2,174 before correcting.
- The price is trading above $2,100 and the 100-hourly Simple Moving Average.
- Key resistance levels are at $2,140 and $2,175.
- Potential support levels are identified at $2,080 and $2,065.
Ethereum’s recent upward movement saw it surpass key resistance levels before facing selling pressure near $2,150. The price correction could find support around the $2,080 zone if the bulls maintain momentum.
Despite a temporary setback after reaching a high of $2,174, Ethereum remains above critical support levels with potential for further gains if resistance at $2,175 is cleared. (Source)
