20-06-2024 05:18 via newsbtc.com

Ethereum Price Struggle: Reaching Resistance, Facing Challenges

Ethereum price climbed higher above $3,500 but struggled near $3,580. ETH must clear the $3,650 resistance to move further into a positive zone.Ethereum is consolidating gains below the $3,650 resistance zone.
The price is trading above $3,500 and the 100-hourly Simple Moving Average.
There is a short-term rising channel forming with resistance near $3,585 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bullish momentum if it clears the $3,600 and $3,650 resistance lev
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