Ethereum Price Defies The Trend—Beating Bitcoin in Recent Gains

Feb 18, 2025 04:00 am Cryptocurrency 74

Ethereum price is showing positive signs above the $2,650 zone. ETH is outshining Bitcoin and might start another increase in the near term.

Ethereum is holding gains and aiming for more gains.

The price is trading above $2,650 and the 100-hourly Simple Moving Average.

There is a connecting bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a decent upward move if it settles above $2,750 and $2,780.

Ethereum Price Regains Traction

Ethereum price attempted a fresh increase above the $2,700 level, beating Bitcoin. ETH broke the $2,750 resistance but it failed to clear the $2,850 resistance zone.

A high was formed at $2,847 and the price started a fresh decline. There was a move below the $2,750 and $2,720 support levels. A low was formed at $2,689 and ..

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