#Ethereum could extend its rally if it closes above the key resistance level at $2,461.
Ethereum has recovered nearly 10% over the last two days, closing above its 50-day EMA at $2,425 on Monday. As of Wednesday, $ETH is approaching a key resistance level at $2,461.
If Ethereum manages to close above $2,461, it could continue its rally toward the next resistance at $2,724.
