$ETH is trading around $2480 - $2530 USD, continuing its strong upward momentum from the previous days.
This surge followed the recent Pectra upgrade and increased buying pressure, particularly in the spot market.
Technical analysis suggests a bullish trend, with the price testing resistance around the $2500 level.
While the RSI might indicate overbought conditions on shorter timeframes, the overall sentiment remains positive. Key support levels to watch are around $2400 - $2450.
The market is also reacting to positive developments within the Ethereum ecosystem and a general improvement in crypto sentiment.
Traders should monitor volume and potential profit-taking activity at these higher levels.
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