The Ethereum price is currently consolidating gains above the $2,650 resistance level. It climbed towards $2,700 before experiencing a downside correction. The price dropped below $2,640 but found support near $2,600 and is currently rising. There is a short-term contracting triangle forming with support at $2,620. On the upside, the price is facing resistance near $2,660 and $2,700, with the potential for further gains if it breaks above $2,720. However, if it fails to clear the $2,680 resistance, it could lead to another decline, with support levels at $2,600 and $2,550. The MACD and RSI indicators are currently in bullish zones.



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