NewsBTC

9 May 2025
Updated 10 May

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Ethereum Surges Past $2,000 for First Time Since March

Ethereum (ETH) has surpassed the $2,000 mark for the first time since March, hitting a seven-week high of $2,075 after a 10% increase. Key points include:

• ETH reclaimed the $1,600-$1,750 range over the last two weeks.
• The price surged by 8.3% following US President Trump's announcement of a major trade deal.
• Analysts noted a strong breakout, with ETH rebounding around 14% from historical demand zones.
• ETH needs to maintain support at $1,930 to aim for a breakout towards $2,200.
• Rekt Capital observed an uptick in ETH's dominance after recent lows, reminiscent of its 2020 performance.
• Daan Crypto Trades warned against premature excitement, suggesting a breakout above 0.0202 against BTC is necessary for further bullish movement.
• Ali Martinez identified a critical supply barrier at $2,380 that could trigger a new bull rally if cleared.

Currently, Ethereum trades at $2,050, reflecting a 13.5% daily increase.