Ethereum Surges Past $2,496, Rekindling Hope of $3,000 Target

Ethereum has seen one of its biggest technical changes in months, rising from under $2,000 to roughly $2,496 over multiple trading sessions.

This move has put the $3,000 target back into play for Ethereum, but it's not yet a done deal. The asset still needs to overcome significant resistance before reaching that level.

The breakout from the extended consolidation between $1,850 and $1,950 is the most significant development for Ethereum.

A daily close above the immediate resistance at $2,500-$2,550 could reveal $2,600, with the $2,700-$2,800 range coming next. After that, $3,000 becomes technically feasible, which is an additional 20% increase over current prices.