Ethereum Price Analysis: ETH pivotal at $2,500 but is $3,000 achievable?

• Ethereum brushes shoulders with $2,500 but loses momentum.
• Support at $2,400 remains key to the uptrend, while gains above $2,600 could bolster Ether past $3,000.
• The MACD reinforces the bullish outlook, suggesting that the uptrend is intact.

Ethereum tested support at $2,000 during the broad-based declines in the cryptocurrency market last week. Support at the 200 Simple Moving Average (SMA) on the four-hour chart and $2,200 played a crucial role in ensuring that the recovery is steady.