The Ethereum price has entered a consolidation phase around the $3,000 mark. It has recently moved above resistance levels at $3,120 and $3,150, and broke a key bearish trend line at $3,130. The price reached a high of $3,224 before experiencing a pullback. It is now trading above $3,150 and the 100-hourly Simple Moving Average. The price is facing hurdles around the $3,200 level, with major resistance forming around $3,250. If it can break this resistance, it may rise towards the $3,320 and $3,450 resistance levels. On the downside, initial support is near $3,140, and a clear move below $3,050 could lead to a decline towards $3,000 or even $2,940. The MACD and RSI indicators are suggesting bullish momentum for Ethereum.



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