Ethereum's price increase goes up to $ 3,000; Bulls brought $ 2,800 for the first time in history

Ethereum has consistently led the price movement, especially in the top ten cryptocurrencies this week. The leading smart contract token reached $ 2,000 twice last week, before the bulls focused on making up to $ 3,000. The $ 2,000 support was particularly vital to the rally; Ethereum peak climbed above $ 2,700 and then supported $ 2,800. Ethereum is fighting non-stop for $ 3,000 At the time of writing, the bulls are focused on revising the barrier to $ 2,800 while Ethereum hovers at $ 2,750. However, sideways price action appears to take priority on the basis of the Relative Strength Index (RSI). The trend strength indicator stabilizes at 63 before reaching overbought after the uptrend recedes. This current situation is not bad for the Ethereum bulls as it indicates that the token is overbought. In other words, buyers still have a lot of room to grow. Therefore, perhaps providing higher support at $ 2,700 will ensure that the bulls do not miss the near-term target of $ 2,800. Keep in mind that trading above this significant level will bring huge profits as traders flock to be part of the possible $ 3,000 breakout. ETH / USD Four-Hour Chart ETH / USD Price Chart from TradingView It should be noted that the Moving Average Convergence Divergence (MACD) is in bearish momentum. This follows the MACD line below the signal line. As the gap deepens in the next sessions, the overall pressure will increase, forcing Ether to test its $ 2,700 upfront support. Other critical areas of connectivity to keep in mind include $ 2,600, the 100 Simple Moving Average (SMA), and the 200 SMA. Intraday Etheruem Levels Spot Price: $ 2,750 Trend: Sideways Volatility: Weak Support: $ 2,700, $ 2,600 & $ 2,400 Resistance: $ 2,800 Price Increase After Ethereum Rises to $ 3,000; Bulls earn $ 2,800 to appear at Coingape for the first time in history.

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