Ethereum Blasts Past $2,500 — Is $3K the Next Target?
Ethereum $ETH has made an impressive comeback, surging over 35% in recent days and firmly breaking past the key resistance levels at $2,350 and $2,500. This rally has outpaced Bitcoin, highlighting renewed investor interest in ETH as it hit a local high of $2,606.
The price is now holding steady above $2,500 and the 100-hour simple moving average, signaling strong bullish momentum. A key trend line also supports the price near $2,480, providing a safety net for short-term dips.
Looking ahead, $ETH ETH faces immediate resistance at $2,550. A successful breakout above $2,600 and then $2,620 could open the doors for a continued rally toward $2,720 or even $2,780 in the coming sessions.
However, if the bullish momentum fades, Ethereum has solid support at $2,470 and $2,440 — the 50% Fibonacci retracement level of the recent move. A drop below this zone could trigger a deeper correction toward $2,350 or $2,270.
Technical Snapshot:
MACD: Losing some bullish momentum
RSI: Holding above 50, indicating buyers still have the upper hand
Key Support: $2,440, $2,350
Major Resistance: $2,550, $2,620
With bulls in control, Ethereum may be gearing up for a push toward the $3,000 mark — but the next few days will be crucial.