The Ethereum price is showing positive signs and has outperformed Bitcoin by attempting a fresh increase above the $2,750 level. Although it failed to clear the $2,850 resistance zone and experienced a decline, it is now consolidating gains. The price is trading above $2,650 and the 100-hourly Simple Moving Average, but is facing hurdles near the $2,700 level. A clear move above the $2,755 resistance could lead to further gains, with the potential for Ethereum to rise towards the $3,000 resistance zone. However, failing to clear the $2,725 resistance could result in another decline, with initial support near $2,660. The next key support levels are at $2,600 and $2,550. Technical indicators suggest that the MACD is losing momentum in the bearish zone, while the RSI is above 50.



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