Ethereum price analysis: ETH begins to advance, ready to break above $2,700?

[Pagla]

Ethereum price analysis is bullish today.
ETH/USD saw bullish momentum return yesterday.
$2,550 resistance currently tested.
Ethereum price analysis is bullish today as we expect more upside to follow after a higher low was set above $2,300 yesterday and bullish momentum returned since. However, the $2,550 mark could offer strong resistance if not broken over the next hours.

Ethereum price analysis: ETH begins to advance, ready to break above $2,700? 1
Cryptocurrency heat map. Source: Coin360
The market has seen bullish momentum return over the last 24 hours. The market leader, Bitcoin, has gained 1.72 percent, while Ethereum has gained 2.31 percent. The rest of the top altcoins follow with similar results.

Ethereum price movement in the last 24 hours: Ethereum begins to push higher, finds resistance at $2,550 again
ETH/USD traded in a range of $2,367.83 – $2,576.46, indicating substantial volatility over the last 24 hours. Trading volume has declined by 16.66 percent, totaling $12.96 billion. Meanwhile, the total market cap trades around $303.8 billion, resulting in a market dominance of 17.72 percent.

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[royalfestus]

No one is talking about the end of proof of work for Ethereum and the launch of the proof of stake. It come with the staking of 10 million ETH. We expect a more secure, faster and low gas fee blockchain. The next phase will be marging of the mainet with the beacon proof of stake, to aid the burning of transaction fee.