Ethereum is gaining momentum, currently trading at 2234, up 6.34% in the past 24 hours! With strong buying pressure, Ethereum is expected to test the resistance level of 2500. Currently, the price of Ethereum is around 2230, with a 24-hour high of 2281 and a low of 2020, market cap: 268 billion dollars. Investors expect a breakthrough, and trading volume is rising. Key technical levels:

Support level: 2000—Maintaining this support level can keep the bulls in control.

Resistance level: 2500—If broken, Ethereum could rise to 2900.

Why is Ethereum soaring? The staking volume has increased, with more Ethereum being locked, leading to a reduction in liquidity supply.

Market recovery—Ethereum has strongly rebounded after recent adjustments.

Technically bullish, Ethereum shows signs of sustained upward movement. If Ethereum breaks through 2500, we may see a rebound to above 2900. However, if it fails to hold above 2000, a correction may occur.