Will Weak Momentum Drive ETH to $2.5K? (Ethereum Price Analysis)

Description

Ethereum’s price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable. Technical Analysis By Shayan The Daily Chart ETH recently found support at the critical $2.5K level and has since jumped toward the $3K region, revisiting the previously broken trendline of the descending wedge. However, this upward movement appears to lack momentum, re...