Ethereum bulls are gearing up for a potential fresh surge if the price can overcome key resistance levels around $2,100. ETH has been struggling to gain upside momentum but remains supported above the $2,000 mark.
Keypoints
- Ethereum price struggling to gain momentum above $2,100 resistance level
- Bullish signs remain with ETH trading above $2,000 support and 100-hour SMA
- ETH facing resistance around $2,090; break above $2,100 could spark fresh surge
- If ETH fails to clear $2,100, it risks dropping back to $2,000 or lower support levels
- Technical indicators show mixed signals – MACD bearish but RSI approaching 50
Ethereum recently made an attempt to break the $2,100 barrier but failed to sustain bullish momentum similar to Bitcoin. This caused ETH to drop back below $2,050 temporarily. However, strong support around $2,030 helped defend against further declines.
Currently, Ethereum is trading above $2,040 and has…
