tldr; Ethereum price has surged above $2,600, showing strong upward momentum. It cleared key resistance levels at $2,450 and $2,500, and is now trading above $2,635 and the 100-hourly SMA. A bullish trend line supports it at $2,550. Resistance is expected near $2,650 and $2,680, with potential to rise to $2,800 if these are surpassed. If Ethereum fails to break $2,650, it may correct downward, with support at $2,590 and $2,550. The MACD is bullish, and the RSI is above 50, indicating positive momentum.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Ethereum price has surged above $2,600, showing strong upward momentum. It cleared key resistance levels at $2,450 and $2,500, and is now trading above $2,635 and the 100-hourly SMA. A bullish trend line supports it at $2,550. Resistance is expected near $2,650 and $2,680, with potential to rise to $2,800 if these are surpassed. If Ethereum fails to break $2,650, it may correct downward, with support at $2,590 and $2,550. The MACD is bullish, and the RSI is above 50, indicating positive momentum.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.