According to CoinMarketCap, most cryptocurrencies are experiencing a rebound. The price of Ethereum has increased by 1.81% in the past day. On the hourly chart, Ethereum's price is rising after breaking through the $2,751 resistance level. If the daily bar closes above this mark, there is a possibility of a test of the $2,800 range. On a larger time frame, Ethereum is approaching the nearest resistance level of $2,826, and if there is a breakout, the momentum could lead to an upward move to the $2,900-$3,000 range. Currently, there is no dominant trend from a midterm perspective, so traders should focus on the bar's closure relative to the previous candle's peak. If the closure happens above $2,800, there may be potential growth to the nearest resistance of $3,028. At the time of writing, Ethereum is trading at $2,767.



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