The Ethereum price faced resistance near $2,750 and started a downward correction. It broke below the $2,680 support level and is currently consolidating near the 23.6% Fib retracement level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. The immediate resistance is near $2,665, followed by the $2,700 level. A clear break above $2,700 could lead to further gains towards the $2,780 and $2,840 levels. On the downside, if the price fails to clear the $2,680 resistance, it could decline towards the $2,600 and $2,550 levels. The MACD indicator is losing momentum in the bullish zone, while the RSI is below 50. The major support level is at $2,600, and the major resistance level is at $2,680.



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