Ethereum has initiated a fresh upward move, surpassing the critical $2,500 mark and showing signs of continued growth.

Key Takeaways:

• ETH Surges from $2,400: After finding support near $2,400, Ethereum saw a strong upward move, breaking past the $2,500 resistance level. • Trading Above Key Levels: ETH is currently trading above $2,550 and the 100-hour Simple Moving Average, suggesting strong support below current levels. • Bullish Trend Line: A bullish trend line is forming with support at $2,550, which could act as a safety net in case of a slight pullback.

Ethereum’s upward momentum looks solid, driven by strong market support and bullish technical signals. Clearing the $2,720 resistance could open the door for a more extended rally. However, investors should keep an eye on potential retracements, especially around key resistance levels. If ETH sustains above $2,550, the short-term outlook remains bullish. Show Less