The Ethereum price is currently declining from the $2,800 range and may gain bearish momentum if it drops below the $2,650 support level. Although it briefly attempted to surpass the $2,650 level and broke the $2,720 resistance, it was unable to clear the $2,800 resistance zone. The price has since fallen below key support levels, including the 50% Fib retracement and a bullish trend line. However, it is finding support near the 76.4% Fib retracement level and faces resistance at levels around $2,680 and $2,720. A clear move above $2,800 could lead to further gains, potentially even reaching the $3,000 or $3,050 resistance levels in the near future. Conversely, a failure to surpass the $2,720 resistance might result in a new decline with initial support near $2,655 and major support at $2,615.



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