The Ethereum price has been gradually recovering and has crossed above the $2,700 level. It is close to challenging the 100-EMA line, which could lead to a breakout rally and push Ethereum above the $3,000 mark. The price trend has been facing resistance at the 23.6% Fibonacci level, priced at $2,741. The recent recovery has surpassed the 20 and 50 EMA lines. The MACD indicator and a crypto analyst suggest the possibility of a bullish move and a surge towards the $4,000 mark. Key targets beyond that are the Fibonacci levels at $3,418 and $3,672. The crucial support levels are near $2,600 and $2,529.



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