The majority of cryptocurrencies are experiencing a rise in prices today, with Ethereum (ETH) seeing a 0.56% increase. The price of ETH is currently in a narrow channel on the hourly chart, suggesting little chance of significant price movements by the end of the day. To regain momentum, buyers need to push the price back to at least $2,700, potentially leading to a test of the $2,799 resistance level. On the weekly chart, a price recovery to $2,780 could result in a surge towards the $3,000 range. Currently, Ethereum is trading at $2,616.



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