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Ethereum Nears Key Resistance as Rally Gains Momentum TokenPost एक दिन पहले

Ethereum Nears Key Resistance as Rally Gains Momentum 📈

Ethereum (ETH) has been on an upward trajectory, extending its recovery by nearly 2.9% to reach $2,636. This rise follows a rebound from a recent low of $2,500 on May 23. The momentum has brought ETH close to a critical resistance point at the 200-day Simple Moving Average (SMA) of $2,699, a key level observed since mid-May.

Market participants are closely monitoring this juncture. A move decisively above this point could indicate a bullish trend, possibly driving Ethereum toward the $3,000 mark. However, according to on-chain data from Glassnode, there might be selling pressure near $2,800.

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