Ethereum has surged past $2,500 after breaking out of a multi-month downtrend that saw it rise from $1,600.
Technical indicators like RSI and MACD confirm bullish momentum, supporting the possibility of a continued upward trend for Ethereum.
Market data shows that Ethereum traded at $2,550.69, with a 4.35% decrease in the last 24 hours, and the market cap standing at $307.93 billion.
The RSI is at 63.87, indicating a slight cooling down but still leaning towards bullish, while the MACD confirms a positive trend for Ethereum, suggesting a potential upward trajectory.