Analyzing recent Ethereum (ETH) price trends, U.Today reports that bulls are currently dominating the market. The ETH/USD rate has risen by 3.62% in a single day. The cryptocurrency is approaching the local resistance level of $2,837 on the hourly chart. A close above this mark may signal further gains, potentially testing the $2,900 zone. On the daily timeframe, Ethereum broke through the resistance at $2,788. If bulls can maintain the upward momentum, we could see ETH rise towards the $2,900 range. Looking at a longer perspective, the price chart suggests a bullish outlook. A closing above current levels or higher on the weekly bar would indicate a potential test of the important $3,000 mark.