Ethereum has established a strong foundation above the crucial support level of $2,860 in recent times. However, the current trading price remains below $2,950, indicating that the bulls are facing challenges in gaining control over ETH. On the hourly chart of the ETH/USD pair, there is a notable resistance line at $2,905, which has been contributing to the downward trend. Thus, if Ethereum manages to surpass the resistance levels at $2,940 and $2,950, it could generate favorable momentum. Stay updated on the latest technology news by visiting NEWSLINKER.
