Ethereum ($ETH ) has made a powerful comeback, surging over 17% in the last 24 hours to reach $2,136. This marks a significant breakout above the key $1,925 resistance level, signaling renewed bullish momentum in the market.
Several factors are fueling $ETH upward trajectory, including encouraging institutional participation, positive developments in key partnerships, and growing investor confidence. Technical analysts are now eyeing a potential rally toward the $2,200–$2,400 range in the short term.
With $ETH breaking critical resistance levels and momentum building, many traders see this as an opportune moment to enter the market and capitalize on the current trend.