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ETH is currently trading in a narrow range between $2,680 and $2,720. The first resistance above is $2,738 to $2,746, the same resistance band that has repeatedly capped bulls this week. If it breaks through decisively, the next target is $2,780 to $2,816 (near the upper Bollinger Band). Citi recently raised its 12-month ETH price target to $3,028, but this is a medium- to long-term reference and does not determine the short-term range.
On the downside, **$2,650** is the first intraday defense level, while **$2,600 to $2,630** is a stronger demand zone. If $2,600 fails, the next area of interest is around $2,550, with the 50-day moving average at approximately $2,436 providing deeper support