The Ethereum price is currently trying to recover from the $2,500 zone and may gain bullish momentum if it surpasses the $2,740 resistance level. However, the price is currently trading below $2,700 and the 100-hourly Simple Moving Average, facing resistance at the $2,700 level. The main resistance lies near $2,850 or $2,910, and a clear move above $2,910 could lead to further gains towards the $2,950 and potentially $3,000 resistance levels. On the other hand, if Ethereum fails to clear the $2,700 resistance, it could see another decline with support initially at $2,600 and major support near the $2,525 zone.



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