$CAKE CAKE surge as Ethereum reclaims $3,700
The bounce back in CAKE targets the $2.829 level, a crucial monthly resistance formed in the first half of 2025. If bulls surpass this critical level, the CAKE price rally could approach the $3.165 level, last tested on July 28.
On the downside, a surge in supply pressure could result in a retest of the support trendline near the 50-day EMA at $2.547.
