Ethereum Surges Past Key Resistance with Bullish Momentum
- Ethereum has surged by 24% in just over a week, breaking above key resistance levels.
- The rally occurred without significant retracements, suggesting a potential pullback to $2,150.
- A sustained close above $2,475 would confirm continued upward momentum.
- The broader bullish outlook remains intact as long as Ethereum defends the $1,916 level on the short-term chart.
- An upside target near $4,956 is in play, while the $3,445 level is a key resistance point.
Ethereum’s recent surge past resistance levels indicates strong bullish momentum supported by high trading volume. A potential pullback to $2,150 could provide a healthy reset before any further upward movement toward the $4,956 target.
Source: NewsBTC
