TA: Ethereum Regains Strength But $3K Is Still A Major Hurdle

Ethereum started a decent increase above the $2,920 resistance against the US Dollar. ETH must clear $2,980 and $3,000 to continue higher in the near term.Ethereum started a steady recovery wave above the $2,900 resistance.
The price is now trading above $2,900 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $2,900 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $2,980 and $3,000 resistance levels to continue