Ethereum Recovery Hits Major Resistance at $2,700

Ethereum's recent recovery has stalled at $2,700 after failing to break through this resistance level twice in one session. The token had been steadily climbing higher over the past week, gaining around 10% in value.

Although Ethereum still holds a strong weekly trend, the rejection at $2,700 followed by a sharp drop suggests that sellers were waiting for this opportunity and have enough force to push price lower.

The current price of Ethereum is trading near $2,650, with the $2,700 mark now serving as clear resistance. On the downside, the $2,628 low is the first support level, followed by the round $2,600 level.

A move above $2,700 would shift the technical picture and confirm the week's strength was not spent at resistance. For now, Ethereum traders are closely watching these two levels to determine whether the recovery extends or cools from here.