Ethereum Price Surges 30% to $2,500 Amid Strong Buying Conviction
Ethereum's price surged 30% to $2,500 in its strongest week of 2026, according to SunCrypto. This bullish momentum was triggered after the ETH price took support on a major support level of $1,500.00, respecting this level four times since 2023.
The price has taken support on this major support level after strong selling pressure, then surged by more than 55% and reached the 200-day EMA amid this bullish momentum. If the price triggers a breakout from the 200-EMA, buyers might show interest and sustain over it, extending the trend to the $3,000.00 territory soon.
A decisive break of the 200-day EMA on strong volume would be the clearest signal that $3,000 is next on the table. However, if price faces rejection here with a bearish candlestick pattern, sellers could regain control and push price back toward the $2,000 mark.