Ethereum Holds Near $2,670 Pivot
Ethereum is trading near $2,677, almost exactly around its daily pivot at $2,671. The broader crypto market has declined 3.31% over the past 24 hours to approximately $2.87 trillion. On the daily chart, ETH still maintains a bullish structure, with price above the EMA20 at $2,619, EMA50 at $2,447 and EMA200 at $2,246. RSI stands at 61.54, while the MACD histogram has turned negative at -8.01, indicating that momentum is losing strength. On shorter timeframes, Ethereum is consolidating rather than trending. The key short-term range is between support at $2,662 and resistance at $2,686. A move above $2,686 could open the way toward $2,833, while a break below $2,662 could bring the $2,446 EMA50 into focus. Track ETH rates and exchange conditions on xbit.money before making an exchange.