Ethereum's price has experienced a surge of over 5%, successfully breaking through key resistance levels at $2,500 and $2,550. This significant movement is highlighting bullish market signs for the cryptocurrency.
A bullish trend line is forming on the hourly chart, with support found near $2,520. This shows investors are paying attention to these crucial figures.
To maintain this upward momentum, Ethereum must surpass resistance levels at $2,650 and $2,720. Initial downside support is near $2,600, and major support remains at $2,520.
If Ethereum can break through the $2,650 resistance mark, it could potentially gain further value, ushering in more significant market opportunities for investors.
