Ethereum Price Dips Below $2,950 After Brief Rebound, Eyes on $3,050 Resistance Zone
Ethereum's price briefly rebounded above $3,000, reaching near $3,050, but failed to sustain momentum and has since declined. It is currently trading around $2,944, down 3.25% in 24 hours. Despite significant institutional buying from entities like Bitmine Immersion Technologies, ETH faces continued bearish pressure. Technical indicators, including the RSI at 41 and a bearish MACD crossover, suggest weak buying interest. Key support lies near $2,925, with further downside possible to $2,900 or $2,875. Resistance is at $2,975, while a break above $3,000-$3,050 is crucial for a bullish reversal.
TheNewsCrypto12/30 07:59