Ethereum Price Tries to Break Above $2,500 Resistance

Ethereum (ETHUSD) is trading sideways with volatility during its latest intraday sessions. The price remains above EMA50, which has prevented it from declining earlier in yesterday's trading.

The price is attempting to gain positive momentum that could help it break above the pivotal and stubborn resistance level at $2,500. This resistance will determine the price's next direction in the near term.

Positive signals are emerging from the relative strength indicator, increasing the chances of a breakout. The main bullish trend in the short term is also supporting this trajectory.