Ethereum Price Under Pressure: Key Support and Resistance Levels

Ethereum price is currently fluctuating, with traders closely watching for potential buying or selling opportunities. The key support level lies at $2750, where the 100-day Exponential Moving Average (EMA) provides crucial guidance on long-term trends. This suggests a potential rebound if prices dip below this level. The resistance level is expected to be around $2950, marked by the 50-day EMA and the upper Bollinger Band. The question remains: what’s the next price target for ETH? Let’s delve deeper.