Key Factors Behind the Surge:
Technical Breakout: ETH$ETH 's rise above
$2,500 is seen as a bullish breakout, with analysts noting that the last time ETH$ETH crossed this level, it surged to $4,000 within 30 days. (Blockchain News)
Increased Trading Activity: The trading volume for ETH/USD pairs on Binance spiked to $7.2 billion in the last 24 hours, indicating strong market interest. (Blockchain News)