The price of Ethereum has started to rise, surpassing resistance levels at $2,450 and $2,500. It has also surpassed the 76.4% Fib retracement level. Currently, ETH is trading above $2,635 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550. However, there are hurdles at the $2,650 and $2,680 levels. If these are overcome, there could be more gains towards the $2,800 and $2,880 levels. On the other hand, if the price fails to clear the $2,650 resistance, a downside correction may occur with initial support at $2,590 and major support at $2,550.



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