Ethereum Price Tests $2,880 Resistance: Is a Breakout or Breakdown Ahead?

**Key Analysis:** Ethereum’s price is currently hovering around $2,809.76 after a recent bounce from lows. The 4-hour chart reveals a potentially bullish trend shift with a low, high, higher low, and higher high formation. This structure hints at a possible change in trend direction. However, momentum remains limited as the price stalls under the key $2,880 resistance. 4-hour chart analysis by Lennaert Snyder indicates a breakout above this level could trigger long positions towards the $3,200 resistance. Conversely, a rejection might lead to a retest of the $2,580 support level. This price level hasn’t been tested since the recent market downturn. ]