ETH is trading above $2,500, a 40% gain over the past month, but still 48% below its all-time high of $4,878 in 2021.
Sellers are trying to push Ether below the 20-day EMA at $2,502, but bulls defending the level indicates strength at this key support.
Vitalik Buterin emphasized a cautious approach to scaling Ethereum, prioritizing network health and resilience over rapid expansion.
ETH broke the 'Descending Channel' pattern, surged by 50.7%, and traded in a range from $2,450 to $2,750, with a potential rally to $3,000 upon breakout.