Crypto
Ethereum Price Stalls at Key Resistance as Coinbase Premium Recovers
Ethereum's price is currently trading near $2,470 after rising by 0.08% over the past 24 hours, according to Brave New Coin data.
The cryptocurrency has managed to hold above the $2,400-$2,430 support region, but it remains below the key resistance area of $2,500-$2,550.
A strong weekly close above $2,550 could bring $2,600-$2,700 into focus before a potential move towards $3,000 becomes relevant.
The Coinbase Premium, which measures the difference between Ethereum's price on Coinbase and its global average price, has recovered from negative readings to around -0.026%, indicating improving U.S.-based demand.