Ethereum Price Surges Above $2,500 with 35% Gain

Ethereum Price Summary

Ethereum surged above $2,350 and is trading near $2,500.
Price increased over 35%, reaching a high of $2,606 before consolidating.
Current trading levels are above $2,400 and the 100-hourly Simple Moving Average.
A bullish trend line with support at $2,480 is forming on the hourly chart.
Resistance levels to watch: $2,550, $2,600, and $2,620. A breakout could lead to $2,650 or higher.
If Ethereum fails to breach $2,550, initial support is at $2,470, followed by $2,440 and $2,350.
Technical indicators show MACD losing momentum while RSI remains above 50.