Ethereum Price Analysis: ETH Bulls Defending an Important Level, Will $2,500 Hol

[Rakin343]

Key Support Levels: $2470, $2330, $2200. Key Resistance Levels: $2700, $2890, $3000. ETH fell beneath an ascending triangle pattern tracking over the past fortnight after dropping to $2600 on Monday. It fell beneath the lower boundary (dashed line) and continued until support was established around the $2500 level. The coin did spike as low as $2330 during the week but is now attempting to maintain itself above the newly formed rising trend line, which might start making a new lower boundary for the triangle. Yesterday, ETH did rebound from this rising trend line but was unable to overcome resistance at $2600. It has since dropped back beneath this resistance today and is trading near $2560.Source