Crypto
Ethereum Price Hits $2.5K After 35% Rally: Is It Ready for Another Leg Higher?
Ethereum's recent breakout has improved its market structure significantly.
The sharp rally has pushed ETH toward the $2.5K region, and while bullish continuation remains possible, the increasingly extended move leaves it vulnerable to a temporary pullback or sideways consolidation if supply begins to increase.
On the daily chart, Ethereum decisively broke out of its prolonged bearish structure, pushing through the descending trendline, major moving averages, and the $2.07K-$2.15K resistance zone with considerable strength.
Momentum remains firmly bullish, supporting the possibility of continuation if buyers can absorb the available supply around this area.