Ethereum is about to take off, with the price standing above the 200 EMA line, around $2500. This indicates that the market is still leaning towards an upward trend.

Currently, the price is approaching an important resistance range, around $2648 to $2734. If it can break through this level, there is a chance to rise to $2800 or even higher.

In terms of technical indicators, the MACD has formed a golden cross, which is usually a signal for an upward movement, indicating that more people are buying.

In the short term, two points to watch:

If it breaks through 2734, the market may continue to rise;

If it dips but holds above 2500, it can still be considered for buying.

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