Ethereum breaks $2,000, with $2,490 as the next resistance after a strong rally.
Crypto Rover notes a 30.24% May increase, signaling strong growth potential for Ethereum.
Ethereum surpasses key SMAs, signalling sustained bullish momentum compared to Bitcoin.
Ethereum has broken past the $2,000 mark, setting $2,490 as its next resistance level. After months of weak sentiment and heavy selling pressure, Ethereum is taking back lost ground. The rally brings back optimism, particularly with the retracing of Bitcoin around its all-time high. However, traders are now concerned about whether it can sustain this upward momentum.
Analyst Crypto Rover reported that the majority of Ethereum holders have capitulated. He congratulated those still holding, implying that significant gains were on the horizon. His words indicate increasing confidence in Ethereum’s capability to continue the current bullish trend. He also included a chart presenting Ethereum’s monthly performance, with May 2025 achieving an impressive 30.24%. This follows a downturn in the previous months, strengthening the notion that Ethereum is on the increase.
Ethereum Signals Bullish M…
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