Ethereum has had a volatile couple of weeks.
After reaching an all-time high of $2,548 on April 16th, ETHUSDT dropped 24% over the next three days.
ETH then bounced from $1,950 support all the way to a new all-time high just a few days later.
Fast forward to today, and ETHUSDT is right back to carving all-time highs above $2,700.
There is a lot of resistance near $2,730, so we’ll see if that’s a factor going forward.
Key support comes in at $2,610, $2,500, and $2,200.
A daily close above the $2,750 area would open the door to the much larger ascending channel just below $3,000.