Here’s Why Ethereum (ETH) Could Surge Above $2.7K and Test $3K

Ethereum is stable above the $2,500 support zone and the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,700.

Ethereum is trading in a positive zone above the $2,500 and $2,520 support levels.
The price is now trading above $2,600 and the 100 hourly simple moving average.
There was a break above a short-term contracting triangle with resistance near $2,600 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a steady increase if it breaks the $2,750 resistance zone in the near term.

Ethereum Price Is Showing Positive Signs
Yesterday, ethereum gained pace above the $2,500 resistance zone. ETH broke the $2,600 resistance zone and it settled nicely above the 100 hourly simple moving average.
The price even traded close to the $2,750 level and a high was formed near $2,746. Recently, there was a downside correction below the $2,700 level. Ether declined below the 23.6% Fib retracement level of the upward move from the $2,275 swing low to $2,746 high.
The price tested the $2,500 support zone and the 100 hourly simple moving average. It also tested the 50% Fib retracement level of the upward move from the $2,275 swing low to $2,746 high.

Source: ETHUSD on TradingView.com
It is now rising and it reclaimed the $2,600 level. There was a break above a short-term contracting triangle with resistance near $2,600 on the hourly chart of ETH/USD. The pair is now facing resistance near the $2,650 level. The first major resistance is near the $2,700 level.
The main breakout resistance is now forming near the $2,750 level. A close above the $2,750 level could start a major increase towards the $2,850 level or even $3,000 in the near term.
Dips Supported in ETH?
If Ethereum fails to clear the $2,700 and $2,750 resistance levels, it could start a downside correction. An initial support on the downside is near the $2,550 level.
The main support is now forming near the $2,500 level and the 100 hourly SMA. A downside break below $2,500 may possibly put a lot of pressure on the bulls. The next key support is near the $2,450 level and a connecting bullish trend line.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently above the 50 level.
Major Support Level – $2,500
Major Resistance Level – $2,750

bitcoin
Bitcoin (BTC) $ 84,664.68
ethereum
Ethereum (ETH) $ 1,938.08
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.36
bnb
BNB (BNB) $ 588.60
solana
Solana (SOL) $ 134.13
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.739804
dogecoin
Dogecoin (DOGE) $ 0.171901
tron
TRON (TRX) $ 0.221777
staked-ether
Lido Staked Ether (STETH) $ 1,935.28
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,440.62
pi-network
Pi Network (PI) $ 1.52
chainlink
Chainlink (LINK) $ 14.56
leo-token
LEO Token (LEO) $ 9.74
stellar
Stellar (XLM) $ 0.275381
wrapped-steth
Wrapped stETH (WSTETH) $ 2,311.68
hedera-hashgraph
Hedera (HBAR) $ 0.193549
usds
USDS (USDS) $ 1.00
avalanche-2
Avalanche (AVAX) $ 19.11
sui
Sui (SUI) $ 2.36
shiba-inu
Shiba Inu (SHIB) $ 0.000013
the-open-network
Toncoin (TON) $ 2.91
litecoin
Litecoin (LTC) $ 92.11
bitcoin-cash
Bitcoin Cash (BCH) $ 330.20
polkadot
Polkadot (DOT) $ 4.20
mantra-dao
MANTRA (OM) $ 6.25
ethena-usde
Ethena USDe (USDE) $ 1.00
weth
WETH (WETH) $ 1,937.70
bitget-token
Bitget Token (BGB) $ 4.44
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hyperliquid
Hyperliquid (HYPE) $ 14.38
whitebit
WhiteBIT Coin (WBT) $ 28.53
wrapped-eeth
Wrapped eETH (WEETH) $ 2,057.03
monero
Monero (XMR) $ 209.56
uniswap
Uniswap (UNI) $ 6.10
susds
sUSDS (SUSDS) $ 1.04
dai
Dai (DAI) $ 0.999858
near
NEAR Protocol (NEAR) $ 2.66
aptos
Aptos (APT) $ 5.24
pepe
Pepe (PEPE) $ 0.000007
ondo-finance
Ondo (ONDO) $ 0.873397
okb
OKB (OKB) $ 46.06
ethereum-classic
Ethereum Classic (ETC) $ 18.10
internet-computer
Internet Computer (ICP) $ 5.69
aave
Aave (AAVE) $ 174.82
gatechain-token
Gate (GT) $ 21.45
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,737.70
mantle
Mantle (MNT) $ 0.735614
official-trump
Official Trump (TRUMP) $ 12.00
bitcoin
Bitcoin (BTC) $ 84,664.68
ethereum
Ethereum (ETH) $ 1,938.08
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.36
bnb
BNB (BNB) $ 588.60
solana
Solana (SOL) $ 134.13
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.739804
dogecoin
Dogecoin (DOGE) $ 0.171901
tron
TRON (TRX) $ 0.221777
staked-ether
Lido Staked Ether (STETH) $ 1,935.28
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,440.62
pi-network
Pi Network (PI) $ 1.52
chainlink
Chainlink (LINK) $ 14.56
leo-token
LEO Token (LEO) $ 9.74
stellar
Stellar (XLM) $ 0.275381
wrapped-steth
Wrapped stETH (WSTETH) $ 2,311.68
hedera-hashgraph
Hedera (HBAR) $ 0.193549
usds
USDS (USDS) $ 1.00
avalanche-2
Avalanche (AVAX) $ 19.11
sui
Sui (SUI) $ 2.36
shiba-inu
Shiba Inu (SHIB) $ 0.000013
the-open-network
Toncoin (TON) $ 2.91
litecoin
Litecoin (LTC) $ 92.11
bitcoin-cash
Bitcoin Cash (BCH) $ 330.20
polkadot
Polkadot (DOT) $ 4.20
mantra-dao
MANTRA (OM) $ 6.25
ethena-usde
Ethena USDe (USDE) $ 1.00
weth
WETH (WETH) $ 1,937.70
bitget-token
Bitget Token (BGB) $ 4.44
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hyperliquid
Hyperliquid (HYPE) $ 14.38
whitebit
WhiteBIT Coin (WBT) $ 28.53
wrapped-eeth
Wrapped eETH (WEETH) $ 2,057.03
monero
Monero (XMR) $ 209.56
uniswap
Uniswap (UNI) $ 6.10
susds
sUSDS (SUSDS) $ 1.04
dai
Dai (DAI) $ 0.999858
near
NEAR Protocol (NEAR) $ 2.66
aptos
Aptos (APT) $ 5.24
pepe
Pepe (PEPE) $ 0.000007
ondo-finance
Ondo (ONDO) $ 0.873397
okb
OKB (OKB) $ 46.06
ethereum-classic
Ethereum Classic (ETC) $ 18.10
internet-computer
Internet Computer (ICP) $ 5.69
aave
Aave (AAVE) $ 174.82
gatechain-token
Gate (GT) $ 21.45
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,737.70
mantle
Mantle (MNT) $ 0.735614
official-trump
Official Trump (TRUMP) $ 12.00