The post Will ETH Break Through $2,800? appeared on BitcoinEthereumNews.com.

Ethereum holds bullish momentum, targeting key resistance at $2,780 and $2,800. MACD hints at a bullish crossover, while RSI signals growing buying interest. Derivatives trading volume surges, indicating heightened market participation. Ethereum (ETH) continues to show bullish momentum, with the price currently at $2,759.09—a 0.99% gain over the past 24 hours. The cryptocurrency’s market cap rises to $332.64 billion, and its 24-hour volume jumps 7.89% to $15.28 billion.  These movements point to growing buying interest as the market eyes resistance on February 22 and the potential to break through $2,800. Ethereum’s Current Price Trend The recent price action shows volatility along with an uptrend, marked by higher highs and higher lows—a sign of sustained bullishness.  Increasing trading volume supports the possibility of further gains, and if ETH holds above $2,750, it could move toward key resistance levels.  Related: Vitalik Buterin Praises Family’s Role in Ethereum’s Genesis Key Support and Resistance Levels Ethereum finds key support at $2,730, where multiple bounces signal strong buying pressure. Below this, $2,700 acts as a critical psychological level, while $2,660 marks the lowest point in the current timeframe. On the resistance side, ETH approaches $2,780—a level where price has faced rejection before.  If the price breaks past this barrier, the next critical resistance is at $2,800, a psychological level that could signal further gains. Should ETH successfully breach this mark, the $2,850 level becomes the next key target, representing the upper limit of the current price range. Technical Indicators Signal Potential Upside Ethereum’s technical indicators suggest a potential shift in momentum. The Relative Strength Index (RSI) currently stands at 48.19, indicating neutrality. Although it remains below the 50 threshold, signs of recovery suggest that buying pressure may be building. A move above 50 would strengthen the bullish case. The Moving Average Convergence Divergence (MACD) indicator…

---

Filed under: News - @ February 21, 2025 11:26 am