Ethereum's $2,800 Struggle: Will ETH Break Through?
Ethereum faces tough resistance at $2,800. The price can’t seem to top September highs. Bulls and bears are locked in a fierce battle over the second-largest crypto. Also Read: DogWifHat: WIF’s New Rising Wedge Pattern Signals A $3.10 Rebound ETH’s Battle at $2,800: Analyzing the Key Resistance Level Source: TradingView Current Market Performance ETH trades near $2,600. It’s down 1% today but up 9% this week. Daily trading volume has dropped to $16 billion. Source: Grayscale Ethereum Ecosystem Study The image above shows the performance of ecosystem tokens compared to ETH, which relates to overall market trends. Technical Analysis As we speak, support is at $2,300. The key resistance is at $2,800. A break above could spark a rally, but failure might lead to more sideways trading. Below, you can also see ETH’s performance to ecosystem averages and medians across different categories. Source: Grayscale Ethereum Ecosystem Study Also Read: SEC Filing: XRP Could Soar!...