Ethereum Price Could Surge to $3K Soon — Riding The Wave of Bitcoin’s Strength 💹
Ethereum price found support around $2,440 and began a fresh upward move, eyeing a potential surge above the $2,650 resistance zone. Currently trading above $2,540 with strength from Bitcoin's all-time highs, ETH could gain more traction if it surpasses the $2,620 resistance.
With strong activity from ETH bulls near $2,440, a new increase initiated as Ethereum crossed the $2,500 threshold. A critical bullish trend line with support at $2,500 on the hourly chart suggests further gains.
Ethereum must clear resistance near $2,720 for potential moves towards $2,840, $2,920, or even $3,000. Otherwise, failing to overcome $2,620 may lead to a drop towards supports at $2,500 and $2,440, with risks extending to $2,350.
Technical indicators show ETH/USD's MACD gaining momentum in the bullish zone, while RSI remains above 50. Major levels set pivotal points: $2,500 as support and $2,620 as resistance.
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