Ethereum’s price has been consolidating gains above the $2,580 resistance level, and it could gain further momentum if it surpasses the $2,650 resistance zone. Maintaining the $2,570 support level is crucial to preventing further losses.
However, if Ethereum fails to break through the $2,650 resistance, a decline could occur, with initial support near $2,600 and the trend line. The cryptocurrency has been trading above $2,600 and the 100-hourly Simple Moving Average, with a bullish trend line forming near $2,600 on the hourly chart of ETH/USD.
If Ethereum clears the $2,650 and $2,680 resistance levels, it could continue its upward movement.
