Ethereum Price Fights to Stay Above $2,443 Resistance Zone

Ethereum's price prediction remains bullish above $2,443, but it needs to reclaim the $2,550 resistance zone to challenge the $2,600 mark. ETH has been experiencing a pullback from this zone, which has rejected every rally attempt since early September.

The 20-day EMA at $2,443.30 is currently being tested as support, and it's backed by the Parabolic SAR at $2,379.41. If Ethereum loses $2,443, the next level of support would be the 50-day EMA at $2,273.09.

In related news, ETH exchange supply has fallen by 73% from its June 2020 peak, with only 6.06 million coins now available on exchanges. This reduced liquidity means even modest buying pressure can move the price more than before.