<ul><li>Ethereum is trading above $2,600 after a volatile stretch with renewed optimism in the market as bulls regain momentum.</li><li>Analysts warn of a possible retracement before a major breakout as ETH approaches a key resistance level around $3,000.</li><li>For Ethereum to lead a broader altcoin resurgence, it must reclaim and hold above the $3,000 level, acting as a pivotal milestone.</li><li>ETH is consolidating below the 200-day SMA at $2,699.60, with bullish momentum intact but requiring a clean breakout to target $3,000.</li></ul>

Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally

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