Ethereum Tests Key Resistance at $2,500

The price of Ethereum (ETHUSD) has risen in its latest intraday trading, pushing against the stubborn resistance level of $2,500. Despite negative signals from relative strength indicators, which are attempting to offload overbought conditions, a strong short-term bullish wave is dominating the market.

This wave has continued dynamic support from trading above EMA50, and the price rise shows a positive momentum that increases the likelihood of extending gains in the near term.