Ethereum Price Remains Above $2,650, Eyes $2,750 Resistance

Ethereum Price Update

Ethereum is trading above $2,650, with resistance at $2,750.
The price started an increase after surpassing the $2,620 level.
A bullish trend line has formed with support at $2,640 on the hourly chart.
If ETH breaks above $2,750, it may target $2,800 and potentially $2,920.

ETH remains supported above $2,550, forming a base for upward movement. The price is above the 100-hourly Simple Moving Average (SMA) and faces hurdles near $2,700. A sustained move above $2,820 could lead to gains towards $3,000.

If Ethereum fails to clear $2,750, it may decline, with initial support near $2,655 and major support at $2,620. A drop below $2,620 could push prices down to $2,600 or lower.

Technical Indicators:

MACD shows bullish momentum.
RSI is above 50.
Major Support Level: $2,620
Major Resistance Level: $2,750