ETH Breakout: Ethereum Surges Above Key Resistance Levels

Ethereum has broken out of its multi-week consolidation, pushing above $2.1K and re-establishing itself as one of the leading cryptocurrencies by market capitalization.

The move cleared a descending channel that had held the price in check for much of the summer, with ETH now trading just below $2.5K.

Momentum is stretched, however, suggesting potential near-term pullback risks, as Ethereum tests major resistance zones following its decisive breakout.