Ethereum Consolidates Above $2,500, Faces Resistance at $2,700

Ethereum (ETH) is currently consolidating above the $2,500 level, after a recent decline below the $2,800 support zone. As of today, ETH is trading below $2,680 and the 100-hourly Simple Moving Average, with a bearish trend line forming resistance at $2,690. A break above the $2,700 resistance could trigger bullish momentum, potentially driving the price towards $2,820 and beyond, with targets at $2,920, $3,000, and $3,050. Conversely, failure to surpass $2,700 may lead to further declines, with initial support near $2,550 and major support at $2,520. A break below $2,520 could push ETH towards $2,440, $2,365, and potentially $2,250.