#ETHCrossed2500
Ethereum's 21% surge on Thursday marked its highest single-day gain since May 2021.
The rally was likely spurred by crypto native investors on the spot market who withdrew a net of 180K ETH from exchanges.
ETH could surge past the $2,500 and $2,850 key levels if its technical indicators on the weekly chart flip bullish.
Ethereum (ETH) is up 6% on Friday, extending its weekly gains to 29% after nearly two weeks of consolidation near $1,800. The recent rally stems from increased buying pressure from investors on the spot market following a sharp plunge in ETH's exchange reserve.
ETH
3,128.3
+0.58%