Ethereum Price Capped at $2,400: Momentum Fails

Ethereum price capped at $2,400, momentum fails to push higher. The ethereum price is now consolidating and might aim for more gains if it clears $2,360.

Ethereum Price Analysis

Ethereum started a downside correction below the $2,350 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,360 on the hourly chart of ETH/USD.

Key Resistance Levels

• $2,360
• $2,380
• $2,420

Ethereum Price Prediction

If the bulls remain in action above $2,295, the price could attempt another increase. A clear move above the $2,420 resistance might send the price toward the $2,450 resistance. An upside break above the $2,450 region might call for more gains in the coming days.

Upside Targets

• $2,500
• $2,550

Ethereum Price Momentum

The ethereum price momentum is losing steam, with the Hourly MACD losing momentum in the bullish zone. The Hourly RSI is now below the 50 zone.

Key Takeaways

• Ethereum price is consolidating above $2,300
• The price might aim for more gains if it clears $2,360
• A clear move above $2,420 could send the price toward $2,450
• The main support could be $2,150

Frequently Asked Questions

What is the current ethereum price resistance?

The current ethereum price resistance is at $2,360.

What happens if ethereum fails to clear the $2,360 resistance?

If ethereum fails to clear the $2,360 resistance, it could start a downside correction toward $2,220 or $2,200.