Ethereum Blasts Past $2,500 — Is $3K the Next Target?

Ethereum price surged beyond $2,350. ETH has gained over 35% and is stabilizing around $2,500.

Ethereum rose beyond $2,350 barrier again.

The price is over $2,400 and the 100-hour SMA.

On the hourly ETH/USD chart, a positive trend line connects to $2,480 support.

The pair may rise if it breaks $2,600 resistance.
Ethereum Price Soars Above $2,500

Ethereum stayed sustained and rose past $2,200, beating Bitcoin. ETH accelerated beyond $2,350 resistance.

Bulls broke $2,500 resistance. Price rose over 35% and broke $2,550 barrier. Price is holding gains after hitting $2,606 high. A slight dip occurred below the 23.6% Fib retracement level of the $2,272 swing low to $2,606 high upward rise.

Ethereum is over $2,500 and the 100-hour SMA. On the hourly ETH/USD chart, a positive trend line connects to $2,480 support.

The price may face resistance at $2,550 on the upside. Around $2,600 is the next major resistance. Near $2,620 is the first substantial resistance. A clean break over $2,620 might push the price above $2,650.

Above $2,650 barrier might lead to greater advances in the following sessions. Ether may soar to $2,720 or $2,780 soon.

Are ETH dips limited?
If Ethereum fails to break $2,550, it might fall again. The downside has first support at $2,470. The first key support is at $2,440, the 50% Fib retracement level of the upward run from $2,272 swing low to $2,606 high.

A decisive break below $2,440 might bring the market toward $2,350. If losses continue, the price may reach $2,270 support. Next important support is $2,220.

Tech Indicators

Hourly MACD - ETH/USD MACD is losing bullish momentum.

Hourly ETH/USD RSI is over 50.

Major Support—$2,440

Level of Major Resistance: $2,550

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