Crypto
Ethereum Price Surges Past Resistance at $2,500 to New 8-Month High
The price of ETH has surged past its key resistance at $2,500 and reached an 8-month high of $2,660 on Friday.
This sudden move caught many in the community off guard, prompting questions about who or what was behind it.
According to data from CryptoRank, the surge occurred within a short hour and represents an 8% increase in price.
The last time ETH reached this level was in late January, but its trajectory over the past few weeks has been uncertain.