Ethereum Price Struggles Below $3,000 Resistance Amid Consolidation

Ethereum Price Analysis

Ethereum struggles to break the $3,000 resistance, currently consolidating around $2,750.
Price remains above $2,680, with trading supported by the 100-hourly Simple Moving Average.
A bullish trend line is forming with support at $2,780 on the hourly chart.
Potential upward movement if ETH settles above $2,850 and $2,880.
Recent price spike approached $3,000 before encountering resistance and correcting below $2,850.
Current hurdles are identified near $2,820; major resistance levels are at $2,850, $2,880, and $2,920.
A move above $2,920 may target $3,000 and potentially $3,050 or $3,120 afterward.
If unable to surpass $2,850, ETH could decline, with initial support at $2,780 and major support at $2,720.
Further drops may push prices toward $2,650 and down to $2,500.

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