Ethereum's price has surged by 97% since April 7, reaching $2,743, indicating strong bullish momentum in the broader crypto market.
Analysts are optimistic about Ethereum's price trajectory, noting its potential to break its all-time high with a target of $3,200 if it overcomes the resistance at $2,640.
Technical indicators suggest a bullish outlook for Ethereum, with key levels of support at $2,550 and resistance at $2,650, while the RSI indicates a neutral market sentiment.
The market is closely watching Ethereum's next moves, anticipating whether it can sustain its upward trend and break through key resistance levels to continue its rally.