The price of Ethereum (ETH) is showing positive signs and is rising in a similar pattern to Bitcoin. ETH has broken a key resistance level and is now in a short-term bullish zone. It is trading above $2,680 and the 100-hourly Simple Moving Average, but faces hurdles around the $2,725 level. If it manages to clear the $2,755 resistance, it could continue to rise towards the $2,880 resistance and potentially reach $2,920 or even $3,000. However, if it fails to clear the resistance, it may start to decline and find support at $2,660 and $2,620. The next significant support level is at $2,500. Technical indicators suggest bullish momentum for ETH.



Other News from Today