Bengaluru, May 27 -- Ethereum is currently trading above the $2,600 mark after a strong regain in momentum by bulls. Following significant volatility, the coin is now positioned within a critical resistance zone.

In recent days, Ethereum has shown strength by recovering from its recent lows, indicating a potential bullish continuation. However, analysts warn of a possible retracement in Ethereum before a major breakout to new highs occurs.

At the time of writing, the coin is trading at a price of $2,650, which represents an increase of 3% over the past 24 hours. Its market capitalisation is approximately $319.14 billion, and the trading volume for the last 24 hours is $19.84 billion.

In this overview, we will analyse the key technical ...