Ethereum Surges 31% in One Week as AlphaPepe Buyers Position for Exchange Trading
Ethereum has made its strongest weekly recovery in over a year after gaining approximately 31% in one week, climbing from around $1,900 to about $2,500.
The rally accelerated when Ethereum broke through $2,000 and $2,300, forcing bearish traders to close leveraged positions while spot buyers returned. ETH then moved through $2,400 and briefly traded above $2,500, turning levels that had previously restricted the recovery into possible support.
The immediate challenge sits between $2,550 and $2,600, a range that has attracted selling during previous attempts, making it the next area Ethereum must clear before the recovery can extend toward $2,700.