The price of Ethereum has returned to above $3,000, with a key support level at $2,900 and resistance at $3,340

According to CryptoPotato, after a brief pullback, the price of Ethereum has returned to above $3,000. Here are several technical indicators that may provide some insights into the potential rise in Ethereum's price. Key support level: $2,900; Key resistance level: $3,340. 1. Bullish momentum: Ethereum's uptrend is strong, with the current target at $3,340 being a key resistance level. Although the price may seem somewhat high, as long as the bulls maintain this momentum, the upward trend can continue. 2. Successful retest of key support level: After breaking through $2,900, Ethereum experienced a brief pullback and confirmed this level as a key support level. This provides a green light for buyers to push up this cryptocurrency further. 3. Daily RSI overbought: The daily RSI is at 77 points in overbought territory. Currently showing strength but if there is confirmation of bearish divergence later on (price rises while RSI falls), it's best to remain cautious.
As of the time of writing this article, market sentiment leans towards bullishness.