Ethereum Technical AnalysisFxNews —Ethereum tested and bounced off the ascending trendline on the 4-hour chart. Immediate resistance rests at $2,480. The pullback could extend to the $2,560 resistance if ETH/USD closes and stabilizes above $2,480.
If this scenario unfolds, the bearish outlook would be invalidated. Conversely, a break below the October 25 low at $2,380 would trigger a downtrend that could extend to the $2,300 mark.