Ethereum Breakout: 31% Weekly Gain Sends Token Toward $2,800-$3,400

Ethereum has broken out of its months-long consolidation phase and is now testing the $2,500 resistance level. The token surged over 31% in the past week, marking its highest weekly close since May 2025.

This breakout comes as the broader crypto market finds its footing, with Bitcoin working to reclaim prices above the $80,000 range. Analysts point to $1,500 as a confirmed long-term support zone and expect a push toward $2,800-$3,400 if the breakout holds.

If Ethereum fails to hold above the Weekly MA 200, it could send the token back down to retest the $1,900 range, with the major $1,500 support acting as the next line of defense. Technical traders will be watching closely in the days ahead to see which scenario plays out.