Bullish Right Now
1. Price Momentum
ETH is up over 20% in 24 hours and over 30% in the past week, now trading around $2,333.
This is Ethereum's strongest weekly rally since 2021.
2. Key Technical Breakouts
ETH has broken through multiple resistance levels and is pushing toward the $2,500 zone.
Trading volume and open interest in ETH futures are sharply rising — classic signs of bullish conviction.
3. Positive Fundamentals
The Pectra upgrade has increased utility, adding smart contract functionality to wallets.
Institutional investors and major market participants are showing strong interest, including reported high-profile purchases.
4. Strong DeFi Activity
Total Value Locked (TVL) on Ethereum has surpassed $60 billion, reflecting active usage.
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Caveat: Potential Pullback Zones
While the trend is bullish, expect possible short-term corrections, especially near resistance zones at $2,450–$2,500. Support is strong around $2,150.
