Ethereum Surges Past $2.5K Amid Market Recovery

Ethereum has made a significant recovery from its mid-year lows and surged past $2.5K on Friday, marking a key milestone in its price action.

The charts show a constructive improvement in the broader market structure, but Ethereum remains below several higher-timeframe resistance levels, indicating that it may not be out of the woods yet.

The Coinbase Premium Index is once again negative, suggesting that the recent recovery lacks consistent U.S. spot demand on CEXs, which could limit adoption momentum despite the price rebound.