Ethereum Bulls Push Price to New Heights Amid Strong US Demand

Ethereum has reclaimed $2,500 after a surge in bullish momentum, strengthening its short-term market structure.

The altcoin's price broke above the key supply zone on August 21st, turning former resistance into an important level for buyers to defend.

Stronger U.S. demand, rising Fund Holdings, and lower system-wide leverage supported the breakout.

The rally has pushed Ethereum's price above its key Exponential Moving Averages, with approximately 276,000 ETH worth $673 million cleared through Short Liquidations.

If buyers can defend $2,500, the altcoin could target the next resistance near $3,000.