Ethereum relentless fight for $3,000
At the time of writing, Ethereum teeters at $2,750 as bulls concentrate on revisiting the hurdle at $2,800. However, sideways price action seems to be taking precedence based on the ( ). The trend strength indicator levels 63 after the uptrend fizzled out before hitting the overbought.
This current situation is not bad for Ethereum bulls because it shows that the token is overbought. In other words, buyers still have ample room for growth. Therefore, holding above higher support, perhaps at $2,700, will ensure that bulls don’t lose focus from the near-term target at $2,800. Note that trading above this crucial level would trigger massive gains as investors stream in to take a piece of the likely breakout at $3,000.
It is worth mentioning that the Moving Average Convergence Divergence ( ) has a impulse. This follows the line crossing under the signal line. If the divergence expands in the upcoming sessions, overhead pressure will rise, forcing Ether to test the tentative support at $2,700. Other critical anchor zones to keep in mind include $2,600, the 100 ( ), and the 200 .
Etheruem intraday levels
Spot rate: $2,750
Support: $2,700, $2,600 and $2,400