<ul><li>Ethereum price started a fresh increase above the $2,550 zone and is now facing resistance near the $2,640 and $2,665 levels.</li><li>A key rising channel with support at $2,600 is forming on the hourly chart of ETH/USD.</li><li>Ethereum price is currently trading above $2,550 and the 100-hourly Simple Moving Average.</li><li>If Ethereum fails to clear the $2,665 resistance, it could start a fresh decline towards support levels at $2,575, $2,500, and potentially $2,420 in the near term.</li></ul>

Ethereum Price Aims Higher in Shadow of Bitcoin’s Dip

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