Ethereum (ETH) âď¸ is trading at $2,440.72, dipping just 0.03% from the previous day. Todayâs session saw ETH move between $2,431.51 and $2,600.58, reflecting tight price action after a powerful recent surge.
Last weekâs rally was nothing short of impressive đ. ETH launched from under $1,800 to nearly $2,600, breaking through key resistance zones at $1,950 and $2,200. This breakout marks a shift in market sentiment, flipping from bearish to clearly bullish đ.
But not everythingâs green just yet â ď¸. One prominent whale đ offloaded 4,685 ETH at $2,457, securing a 66% gain in roughly a month. The move added pressure at the $2,500 level, with increased volume causing a slight pullback â a potential sign of short-term resistance.
On the fundamentals front, ETH is evolving rapidly. The latest âPectraâ upgrade đ§ has enhanced network security and efficiency by increasing the max validator stake to 2,048 ETH, reinforcing Ethereumâs long-term value proposition â .
Looking forward đŽ, $2,500 stands as a psychological and technical barrier. A decisive move above it could open doors to new highs. But failure to break through might lead to sideways consolidation before the next leg up.
Conclusion
Ethereum is in a pivotal phase: fresh off a strong breakout but facing key resistance. With protocol upgrades and sustained community support, ETH continues to be a cornerstone of the crypto landscape đ. Whether youâre riding the wave or waiting on the sidelines, stay tuned â the next move could be big.