"Ethereum Surges Past $2,500 - Is $3,000 Within Reach?
Ethereum's price has skyrocketed beyond $2,350, gaining over 35% and stabilizing around $2,500. Key observations:
- Price broke $2,350 and $2,500 resistance levels
- Trading above $2,400 and 100-hour SMA
- Positive trend line support at $2,480
Potential resistance levels:
- $2,550
- $2,600
- $2,620 (major resistance)
Possible targets:
- $2,650
- $2,720
- $2,780
However, if Ethereum fails to break $2,550:
- Support levels: $2,470, $2,440, and $2,350
- Potential downside targets: $2,270 and $2,220
Technical indicators suggest:
- MACD losing bullish momentum
- RSI above 50
What's next for Ethereum?