Ethereum Price Surges Above $2,750, Targets $2,850 Resistance

Ethereum Price Update

Ethereum (ETH) is experiencing a price increase, currently trading above $2,700 and aiming for further gains. Key details include:

ETH has surpassed the $2,750 level.
Support is established at a bullish trend line around $2,750.
The price recently peaked at $2,832 after breaking through $2,600 and $2,650 resistance levels.
If ETH clears the $2,850 resistance, it may target $2,880 and potentially $2,920.
Initial downside support is near $2,750, with major support at $2,650 and $2,500.
Technical indicators show bullish momentum in MACD and RSI readings are above 50.

An upward break beyond $2,920 could lead to targets of $3,000 or even $3,120. Conversely, failure to breach $2,850 may trigger a decline towards $2,600 or lower.