Crypto
Ethereum Reaches Price Target, But Momentum Falters
The Ethereum price has reached its predicted target of $2,800 resistance level, but is now taking profits from previous gains and attempting to ease overbought conditions on relative strength indicators.
A bearish crossover has emerged, which may allow Ethereum to regain its positive momentum and potentially breach the resistance in the near term.
The price movements along a secondary trendline support this path and enhance the chances of resuming gains in the coming period.