Ethereum has established a strong foundation above the $2,860 support region in recent times. Nonetheless, the value of Ethereum is currently below $2,950, suggesting that the bullish faction is experiencing difficulties in dominating ETH. On the hourly chart of the ETH/USD pair, there exists a noteworthy resistance line at $2,905 that signifies a significant downtrend. Thus, if Ethereum manages to surpass the resistance levels at $2,940 and $2,950, it could potentially generate favorable momentum. Stay updated with the latest technology news by accessing NEWSLINKER.
