ETHUSD Declined Slightly on Weak Market Sentiment, Currently Trading at around $2620

ETHUSD declined slightly on weak market sentiment. It hit a low of $2613 at the time of writing and is currently trading at around $2620

ETH price showed signs of weakness on Monday, declining 3.5% to trade at $2,620. However, the world’s second-largest cryptocurrency remained above a key support level at $2,600.

On the upside, ETH price faces immediate resistance at $2,800, which was a support level in March. A break above this level could push ETH price towards the next resistance at $3,000.

Further gains could lead ETH price to test the March high at $3,200. A break above this level would open the door for a rally towards $3,400.

On the downside, support for ETH price is seen at $2,600. A break below this level could trigger a sell-off towards the next support at $2,500.

If ETH price continues to fall, it could find support at $2,300, followed by $2,100. A break below this level would be bearish for ETH price.

Overall, ETH price is still in a bullish trend, but Monday’s decline suggests that the rally may be slowing. If ETH price fails to hold above $2,600, it could be vulnerable to a sell-off.