Ethereum Price Analysis: Will Bulls Hold Key Support?

Ethereum’s recent movement shows a mix of positive momentum and potential for further price fluctuation. The ETH/USD 2-hour chart reveals a slight dip below its short-term moving average, indicating a weakening of current upward momentum. However, the coin is holding strong at $2,530 on an ascending trendline that has served as consistent support since early May. This key support area is crucial for the near-term market structure.