Ethereum price recovered well above the $ 2,700 resistance zone against the US Dollar. According to the famous analyst Aayush Jindal, who made successful predictions, the Ethereum price should clear $ 3,000 for a steady increase in the coming sessions.

Ethereum price surged more than 15% and cleared the $ 2,700 resistance zone.

The price is still well below the $ 3,000 level and the 100 hourly simple moving average.

There is a crucial contract triangle with resistance near $ 2,880 on the hourly chart of ETH / USD (data feed via Kraken).

The pair needs to clear $ 2,880 and $ 3,000 to return to the positive zone in the near term.

Aayush Jindal: Ethereum is approaching the next big break!

Similar to Bitcoin, ETH even crossed the $ 2,650 resistance zone to move into a short-term positive zone. The price even cleared the $ 2,700 resistance. However, the bulls are facing a major resistance near the $ 3,000 level and the 100 hourly simple moving average.

The recent high was near $ 3,006 and the price is now consolidating gains. Still, ETH is well below the $ 3,000 level and the 100 hourly simple moving average. There was a break below the 23.6% Fib retracement level of the upward move from the $ 2,158 high to $ 3,006 high. There appears to be a major contract triangle with resistance near $ 2,880 on the hourly chart of the ETH / USD pair.

Master analyst: Watch these levels for Ethereum price! The price can see these points
Triangle resistance and a successful break above $ 2,900 could trigger a bullish wave, according to the analyst. In the given situation, according to the analyst, there is a chance that Ether price even surpasses the $ 3,000 level and the 100 hourly SMA. The next major resistance is near the $ 3,300 level, according to the analyst. Further gains could push the price up to the $ 3,500 level, according to the analyst.

If Ethereum price fails to break above the $ 2,880 and $ 3,000 resistance levels, it could start another decline. The first support on the downside is near the $ 2,700 level and the triangle trend line, according to the analyst. The first major support is near the $ 2,580 level, according to the analyst. The 50% Fib retracement level of the move from $ 2,158 to $ 3,006 is also near the $ 2,580 level. More losses could trigger a bigger drop in the upcoming sessions, according to the analyst.

Technical indicators current view of Ethereum price

Hourly MACD: The MACD for ETH / USD is slowly moving towards the bearish zone.

Hourly RSI: The RSI for ETH / USD is currently approaching the 50 level.

Major Support Level: $ 2,580.

Major Resistance Level: $ 2,880.

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