<ul><li>Ethereum bulls are facing significant resistance at the 200-day Simple Moving Average, hindering the rise towards higher price levels like $3,500.</li><li>The current price of Ethereum is testing a critical support level at $2,630, with a potential breakdown below it leading to further declines.</li><li>Weakening bullish momentum raises concerns as failure to hold support may result in a shift towards bearish market control.</li><li>Ethereum's price movement is crucial this week as it tries to navigate the resistance at the MA200 and the support at $2,630, with the potential for a shift towards $3,500 – $3,600 if key levels are overcome.</li></ul>

Ethereum’s Big Test: Will Support Hold at $2,630 or Trigger a Steeper Decline?

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