Ethereum price is advancing beyond the $2,650 resistance and could rise toward $2,850 if it surpasses the $2,750 resistance zone. ETH has maintained a positive trajectory above the $2,580 and $2,620 levels, and is currently trading above $2,650 and the 100-hourly Simple Moving Average.
A bullish trend line with support near $2,680 is forming on the ETH/USD hourly chart. To continue its upward movement, Ethereum needs to break past $2,750 and $2,780 resistance levels.
After stabilizing above $2,600, ETH extended gains over $2,650, reaching $2,765 before consolidating. Any failure to clear $2,750 could lead to a decline, with initial downside support near $2,720 and major support at $2,680.
If Ethereum successfully breaches the $2,765 resistance, it could aim for $2,840 and even $2,880. The next significant hurdles are predicted at $2,920 or $2,950.
The technical indicators suggest bullish momentum with the hourly MACD and RSI both in favorable zones for ETH/USD.
