Ethereum is currently trading near $2,683 as it approaches a prominent resistance level at $2,800, with support established around $2,592. Market observers note that cooling momentum indicators, such as the MACD, are shaping short-term expectations for the cryptocurrency. The $2,650 to $2,900 price range has become a central focus for traders, with the $2,800 mark frequently serving as both resistance and support in the past two to three years. Ethereum has maintained its bullish structure throughout recent downtrends, remaining above the 0.786 Fibonacci retracement on the daily chart, just over $2,592. While the Relative Strength Index (RSI) continues to signal positive sentiment above the neutral line, the MACD indicates that momentum may be slowing in the short term.