The price of Ethereum has experienced a significant increase, surpassing resistance levels at $2,720 and $2,750 to enter a positive zone. It has even outperformed Bitcoin by surging above the $2,850 level and reaching a high of $2,955. The price is currently trading above $2,800 and the 100-hourly Simple Moving Average, with a bullish trend line forming at around $2,820. There are potential hurdles near the $2,920 and $2,950 levels, with the main resistance forming at $3,000. If the price manages to break above $3,120, it could lead to further gains towards the $3,250 resistance zone. On the downside, initial support is at $2,850, followed by $2,820 and $2,720. The next key support level is at $2,550. The MACD and RSI indicators suggest bullish momentum for Ethereum.



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