Ethereum Breaks Above $2,500 as Strong Buying Pressure Takes Hold

Ethereum (ETH) is experiencing strong buying pressure after breaking above $2,500 for the first time in almost a month. The largest altcoin has surged around 5.6% and is currently trading at $2,644.

The breakout from the sideways range is still not fully confirmed, but momentum behind this move is hard to dismiss. One more daily candle closing above $2,500 is needed to confirm the breakout.

The immediate resistance zone to watch is $2,680, followed by $2,700 and then $2,770. If the breakout holds, it could open the path to $3,000.