Ethereum Stalls at 2160 Resistance Mark

Ethereum Faces Bearish Pressure After Failing $2,160 Resistance

• Ethereum’s price failed to break the $2,160 resistance level, facing strong selling pressure.
• The Relative Strength Index (RSI) has declined, indicating weakening bullish strength.
• The Moving Average Convergence Divergence (MACD) turned negative, showing accelerating bearish momentum.
• Key support levels to watch are $1,523 and $902.
• Ethereum is currently trading at $1,867 on the daily chart.

Ethereum’s attempt to regain momentum was halted at the $2,160 resistance level. Weak volume and declining RSI and MACD indicators suggest continued bearish pressure. Key support levels include $1,523 and $902 as traders assess potential further declines.