Analysis

The Ethereum price has been struggling to clear the $2,750 resistance level, indicating a potential bearish trend. Despite starting a fresh decline from this resistance, there seems to be a consolidation phase near $2,635, suggesting that the price is at risk of more downsides. The hourly MACD for ETH/USD is losing momentum in the bullish
Ethereum has recently experienced a steady increase in price, surpassing the $2,650 resistance level. This surge in value has positioned Ethereum ahead of Bitcoin and has investors speculating on the potential for an even greater rally towards the $3,000 resistance zone. Upon analyzing the hourly chart of ETH/USD, it is evident that Ethereum has initiated