Ethereum Targets $2,500 Resistance Amid Bullish Momentum
Ethereum's price has been on an upward trend in its latest intraday trading, attempting to breach a stubborn resistance at $2,500.
This comes as Ethereum continues to trade above its EMA50 (Exponential Moving Average), which acts as a dynamic support and reinforces the main bullish trend on the short-term basis.
Additionally, positive signals are emerging from the relative strength indicators, despite reaching overbought levels.