$ETH : Testing Support, Is a Breakout Coming?
Ethereum is trading at $2360, trying to push through key resistance levels. While it has bounced off the $2200 support, it still faces resistance at the 25-day moving average ($2497) and the larger 99-day moving average ($3027). The volume isn’t showing much strength at the moment, and without a strong push from the bulls, ETH could struggle to break higher. 📉
If ETH fails to reclaim $2500 soon, we might see a dip back toward $2200. However, if it breaks above $2500, it could regain momentum for a run back toward $2800.
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