Ethereum price forecast: ETH faces resistance at 2,750 USD following protocol launch

ETH is experiencing resistance at a rising trendline while priced at 2,600 USD. Following the rebranding to Protocol, the Ethereum Foundation is restructuring to foster collaboration through staff reductions.

In the last 24 hours, ETH recorded significant liquidations totaling 45.7 million USD. To sustain bullish momentum, ETH must hold above 2,750 USD despite recent resistance.

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