Ethereum Breaks Resistance, Seeks $2,823 as Price Surges 34%

Ethereum (ETH) has bounced back significantly after breaking through key resistance levels. The cryptocurrency surged about 34% from $1,900 to trade around $2,450, forming a bullish pattern.

The previous resistance lies at $2,550, with significant whale sell walls near $2,550 and $2,600. Meanwhile, support holds around $2,400. A weekly close above $2,400 could trigger a rally toward $2,823 and potentially higher targets like $3,000.

However, the daily RSI indicates overbought conditions, suggesting cautious optimism among traders.