Ethereum (ETH)

Amid a strong bullish recovery, the Ethereum price has jumped ~5% in the past 24 hours with a trading volume of $21.499 billion. Following this, the altcoin leader successfully reclaimed the $2,600 level during the early Asian trading hours.

The RSI indicator is on the verge of experiencing a bullish convergence in its 1D time frame. Further, with its EMA 50-day acting as a support, the ETH coin price hints at a bullish outlook during the upcoming time.

If the bullish price action remains, the Ethereum token could potentially head toward its important resistance level of $2,800 this week. Conversely, if the geopolitical tension intensifies, this could pull the price of Ethereum crypto toward its $2.5k level.$ETH