Ether Rebound Faces Resistance as Key Support Holds

Ether (ETH) recovered toward $2,550 after its latest decline reached the $2,360-$2,420 demand zone, but the rebound remains below key resistance and has not yet confirmed a stronger recovery. On the daily chart, ETH remains above its 100-day moving average near $2,240 and its 200-day moving average around $2,140. The 100-day average is still above the 200-day average, preserving the crossover formed earlier. The main resistance area is between $2,660 and $2,740. A move above that zone would bring the recent $2,800 high back into focus, followed by resistance between $2,900 and $3,000.

Source: TokenPost