Ethereum (ETH) recently surpassed the $2500 level, sparking discussions about potential bullish momentum. According to Binance, Ethereum briefly exceeded this level before retracting 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 Ethereum's price:*

- *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 are $2550 and $2700, which could serve as 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:* There is a notable increase in interest from retail investors, with over 120,000 new Ethereum addresses created in the past week.

- *Correlation with the stock market:* Ethereum's performance often reflects movements in tech-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:* Crossed above the signal line, indicating a bullish trend.