Ethereum Prices Rise, Signaling Potential Sell-Off – Watch for Support and Resistance Levels

Ethereum (ETH) is trading above the $2950 support level, highlighting a potential bearish market shift. Analysts highlight the key price action: $3026 represents a new all-time high, while support levels at $2950 and $2880 remain significant for traders to watch. We explore the breaking news in Ethereum’s price movement by examining key indicators such as Bollinger Bands, Exponential Moving Averages (EMAs), and Stochastic RSI.