HIRA KHAN999

Ethereum Blasts Past $2,500 — Is $3K the Next Target?

Ethereum $ETH has made an impressive comeback, surging over 35% in recent days and firmly breaking past the key resistance levels at $2,350 and $2,500. This rally has outpaced Bitcoin, highlighting renewed investor interest in ETH as it hit a local high of $2,606.

The price is now holding steady above $2,500 and the 100-hour simple moving average, signaling strong bullish momentum. A key trend line also supports the price near $2,480, providing a safety net for short-term dips.

Looking ahead, $ETH ETH faces immediate resistance at $2,550. A successful breakout above $2,600 and then $2,620 could open the doors for a continued rally toward $2,720 or even $2,780 in the coming sessions.

However, if the bullish momentum fades, Ethereum has solid support at $2,470 and $2,440 — the 50% Fibonacci retracement level of the recent move. A drop below this zone could trigger a deeper correction toward $2,350 or $2,270.

Technical Snapshot:

MACD: Losing some bullish momentum

RSI: Holding above 50, indicating buyers still have the upper hand

Key Support: $2,440, $2,350

Major Resistance: $2,550, $2,620

With bulls in control, Ethereum may be gearing up for a push toward the $3,000 mark — but the next few days will be crucial.


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$PEPE Token: A Closer Look at Its Potential and Limitations

$PEPE
PEPE is a meme token with no intrinsic value, utility, or roadmap, designed purely for entertainment. Despite its popularity, it’s unlikely to ever reach $1 due to its massive supply of 420.69 trillion tokens. Achieving $1 would require a market cap over $420 trillion—far more than the global economy. A 50% price jump would need billions in fresh capital, which is improbable for a token with no real-world use.

While PEPE has a burn mechanism to reduce supply, its impact is minimal. Large burns, like the 6.9 trillion tokens burned in 2023, resulted in only short-term price increases. New tokens are often reintroduced through airdrops, counteracting the burn effect.

In conclusion, PEPE’s value relies on hype and speculation, not fundamentals. It’s a speculative token, and its future price movements will depend on community sentiment, not solid use cases or consistent growth.

$PEPE