Ethereum Price Surges Above $3,000 Amid Recovery Wave
- Ethereum price began a recovery wave, moving above $2,980 and $3,000.
- ETH is trading above $2,960 and the key support level of $2,950 on the hourly chart.
- The price faces resistance at the $3,080 level and could rise further if this is cleared.
- A failure to surpass the $3,080 resistance might lead to a decline toward the $2,950 support.
Ethereum’s recent price movement shows a recovery trend as it stays above critical levels like $2,960 and challenges resistance at $3,080. The bullish momentum could continue if ETH breaks through these barriers.
If Ethereum successfully clears the $3,080 resistance zone, it may target higher levels such as $3,165 in the near term. Otherwise, failing to break this level might see ETH testing lower supports around $2,950 or even further down to $2,880. (Source)
