Ethereum Breaks Key Resistance at $2,003

Ethereum's price surged 18% in 24 hours, breaking through the $2,003 resistance level and reaching $2,252.80 with a weekly gain of nearly 20%. The sudden jump was accompanied by a 402% increase in trading volume, indicating strong buying momentum.

The price now faces a key resistance zone between $2,431 and $2,500, where sellers previously defended supply. To maintain the rally, sustained volume will be crucial as aggressive buying competes with $98 million in short positions held by whales.

If Ethereum holds above $2,500, the next target is around $2,636. However, failure to clear the current resistance could weaken the breakout despite high volume.