The Ethereum price is currently consolidating above the $2,500 level. If it manages to clear the $2,700 resistance zone, it could gain bullish momentum. However, if it fails to surpass this resistance, it may start another decline. The first major support level is at $2,520, followed by $2,440 and $2,365. On the upside, the first major resistance level is at $2,735, while the main resistance is forming near $2,800 or $2,820. A break above $2,820 could lead to further gains, potentially reaching $3,000 or even $3,050 in the near term. The MACD is indicating a loss of momentum in the bearish zone, while the RSI is below the 50 zone.



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