Ethereum Surges: Key Support Breached

Ethereum’s Strong Recovery: Key Resistance Tested

• Ethereum surged over 44% in less than a week, moving from under $1,800 to above $2,500.
• The price is testing a crucial supply zone between $2,600 and $2,800.
• ETH has broken above its 200-day EMA near $2,436 and is testing the 200-day SMA around $2,701.
• A successful break above this level could lead to a move toward $3,000.
• The reclaim of $2,500 marks a significant technical milestone for Ethereum.

Ethereum’s recent rally has seen it reclaim major resistance levels with strength. Testing key zones between $2,600 and $2,800 will be crucial for establishing a sustainable uptrend.