Ethereum has made a strong recovery, surpassing the $2,500 level after a massive surge in market sentiment.
The recent rally of over 80% in less than a month has shifted market tone towards optimism, signaling a potential altcoin recovery.
ETH is now facing a key supply zone, with analysts suggesting that it still has work to do to maintain the uptrend and break through resistance.
With Ethereum reclaiming $2,500 and showing bullish momentum, its price action in the near future could impact the trajectory of the broader altcoin market in Q2.