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Ethereum (ETH) recently surpassed the $2500 level, sparking discussions about potential bullish momentum. According to the Binance platform, Ethereum briefly exceeded this level before retreating to the $2470-2480 range. Currently, ETH is trading at $2466.76, with a 4.15% increase in the last 24 hours.

*Key factors affecting the price of Ethereum:*

- *Bullish Sentiment:* Analysts believe that surpassing the $2500 level could indicate a significant upward trend, potentially driving the price to $4000 in the near future, as observed in historical patterns.

- *Resistance Levels:* Key resistance levels to watch include $2550 and $2700, which could be targets if the bullish momentum continues.

- *Market Sentiment:* The cryptocurrency market shows mixed signals, with Bitcoin (BTC) trading around $60800, reflecting cautious optimism.

- *On-chain Metrics:* Increased interest from individual investors is evident, with over 120,000 new Ethereum addresses created in the past week.

- *Correlation with the Stock Market:* Ethereum's performance often mirrors movements in technology-dominated indices like Nasdaq, which recently rose by 0.7%.

*Technical Indicators:*

- *Relative Strength Index (RSI):* Stands at 58, indicating no overbought or oversold conditions, leaving room for upward movement.

- *MACD Line:* Crossed above the signal line, indicating a bullish trend.