Ethereum (ETH) has surged 7.5% to exceed a key resistance level, reaching $2,550 and showing potential for a retest of range highs.
Market analysts anticipate a significant breakout after ETH successfully reclaimed a crucial area following a two-week high at $2,585.
Traders emphasize the importance of holding the $2,520 support to avoid a return to range lows, with major levels to watch at $2,310 support and $2,735 resistance.
There are bullish sentiments regarding Ethereum's price action, with predictions of a potential breakout to new highs, considering past performance similarities and current market trends.