Ethereum Price Records Consolidated Price Action!

Amid increased market volatility, the ETH price has held its value above the $2,600 level. Further, it has jumped 7.62% over the past week. With a market capitalization of $317.650 billion, it is currently valued at $2,634.21.

The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram in the 1D time frame. With its SMA indicator supporting the price trend, the altcoin leader, Ethereum price may continue gaining value in the coming time.

Suppose, the bulls outrun the bears, in that case, the ETH price may retest its resistance level of $2,800. On the flip side, if the bears regain power, the price could retest its low of $2,400. $ETH