Ethereum Price Analysis

Ethereum Price Surges, Hints at Bullish Run to $3K

Ethereum is showing bullish signs above the $2,720 support, with potential for further gains and a potential surge towards the $3,000 resistance zone.

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The price is trading above $2,800 and the 100-hourly Simple Moving Average

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Two bullish trend lines form with support at $2,825 and $2,780 on the hourly chart of ETH/USD.

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The pair could continue moving up towards the $3,000 resistance zone.

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A new multi-week high was formed at $2,869 before a downside correction, similar to Bitcoin.

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The bulls are now active above the $2,800 level, with immediate resistance near the $2,880 level.

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If bulls push the price above the $3,000 resistance, Ether could rally toward the $3,120 resistance, potentially rising towards the $3,250 level.

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