Ethereum Encounters Obstacles in Overcoming Crucial Resistance Levels

The Ethereum cryptocurrency has established a sturdy foundation above the support level of $2,860 in recent times. Nevertheless, its current trading value remains below $2,950, which suggests that the bulls are facing difficulties in gaining control over ETH. On the hourly chart of the ETH/USD pair, there is a notable resistance line at $2,905 that indicates a significant downtrend. Consequently, if Ethereum manages to surpass the resistance levels of $2,940 and $2,950, it could potentially generate a favorable momentum. Stay updated with the latest technology news by visiting NEWSLINKER.