Ethereum Price Faces Resistance at $3,000, Will Bullish Momentum Continue?

Ethereum prices experienced a steady rebound this past 24 hours, reaching $2,636 on Tuesday morning after dropping to the $2,500 mark on May 23. The recent surge has put Ethereum at the forefront of daily crypto market performance, bringing it back into its familiar resistance zone around the $3,000 level. 200-day Simple Moving Average (SMA) now stands at $2,699 and remains a significant technical hurdle for ETH. Since May 13, this level hasn’t been surpassed, making it a focal point for traders. A break past it could signal renewed bullish strength and open doors to further gains towards $3,000.