High
Ethereum price has struggled significantly, failing to hold crucial support levels like $2,500 and $2,300, entering a bearish zone. the ongoing resistance at $2,365 and the bearish trend line indicate a strong potential for further downside.
High
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Bearish
The price has fallen below key support levels ($2,420, $2,300), trades below the 100-hourly simple moving average, and faces strong resistance at $2,350 and $2,365. technical indicators (macd gaining bearish momentum, rsi below 50) also support a bearish outlook, suggesting renewed losses if resistance isn't overcome.