The price of Ethereum has increased by 46% in a month

The price of Ethereum has risen by 46% over the last 30 days. Analysts expect a breakthrough for the coin. The reasons include stable demand for spot ETFs and strengthening market structure.

15-minute ETH/USDT chart on Binance. Data: TradingView. At the time of writing, the cryptocurrency is trading at $2630. MN Trading founder Michael van de Poppe stated that Ethereum is "ready for a significant upward breakthrough."

Key support is around $2400. The resistance zone is between $2680 and $2850. In his opinion, for the coin to reach a new annual high, it must break this level. Analyst Rekt Capital noted that Ethereum is trying to establish $2500 as support.