Ethereum (ETH) is once again proving its resilience, as the second-largest cryptocurrency surged more than 35%, pushing through the critical $2,500 resistance level. After a strong bullish push that began above the $2,200 mark, ETH has managed to outperform Bitcoin in terms of momentum, confirming a renewed uptrend. Currently, Ethereum is trading above $2,500, consolidating gains and holding key technical support levels. The move has caught the attention of analysts, with many forecasting a potential breakout toward $2,720 or even $2,780 in the coming sessions.

Technical Breakout: ETH Clears Major Resistance Levels

According to the latest market data from Kraken, Ethereum broke through the $2,350 resistance level and continued upward, surpassing the $2,500 and $2,550 zones. A recent high of $2,606 was formed, and ETH is now consolidating just below this level.

A key bullish trendline has emerged on the hourly ETH/USD chart, offering support near $2,480. Additionally, ETH remains well above its 100-hour Simple Moving Average, reinforcing its bullish structure.

Key Resistance Levels:

  • $2,550 (short-term hurdle)

  • $2,600 (major breakout level)

  • $2,620 and $2,650 (target zones)

  • $2,720 and $2,780 (potential next rally levels)

If ETH clears $2,650 with strong volume, a new leg upward could commence, pushing Ethereum toward its next psychological resistance targets.

Are ETH Dips Limited? Support Levels to Watch

In the event of a short-term pullback, Ethereum appears well-supported at the following levels:

  • $2,470 (trendline support)

  • $2,440 (50% Fibonacci retracement)

  • $2,350 (key historical support)

  • $2,270 and $2,220 (deeper downside support)

Any drop below $2,440 may trigger broader profit-taking, but unless ETH breaks under $2,220, the bulls are likely to remain in control.

Technical Indicators Point to Continued Strength

  • Hourly MACD: Slowing momentum but still bullish

  • Hourly RSI: Above 50, signaling positive sentiment

  • Support: $2,440, $2,350

  • Resistance: $2,550, $2,650

The current setup indicates Ethereum may just be in the early stages of a broader breakout, especially if trading volumes continue to rise around key resistance zones.

Conclusion: Ethereum Eyes New Heights

Ethereum’s powerful rebound and consolidation above $2,500 signal a market shift. With strong fundamentals, bullish technicals, and sustained investor interest, ETH could be on track to test higher resistance levels near $2,720 and beyond.

However, traders are advised to monitor volatility, especially around $2,550 and $2,600, which may trigger swift moves in either direction.

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