#EthereumGrowth #ETHIncrease #CryptocurrencyMarket #ETHSupport #EthereumPrice #CryptoTrends #Ethereum/USD #CryptocurrencyTrades
A promising growth trend has been observed in the Ethereum (ETH) pricing. The cryptocurrency is eclipsing the $2,550 mark, aiming for a fresh increase. To maintain this upward trajectory, Ethereum must keep above the solid $2,525 support level. Despite formidable resistance near the $2,600 mark, Ethereum still outperforms Bitcoin and is burning past the $2,500 line establishing a fresh high. The ETH’s price is backed by trade volumes exceeding $2,520 and an optimistic 100-hourly Simple Moving Average.
Beyond the price, a bullish trend line has crystallized on the hourly chart of ETH/USD, indicating a continued upward push provided it clears the $2,600 and $2,620 resistance benchmarks. On the higher spectrum, the major resistance resides near $2,620. Surpassing this level may indicate further gains with the potential of seeing the price rising toward the $2,665 level. Furthermore, the breakout zone is pegged near the $2,710 zone, and transcending this resistance could herald a significant jump with the next critical resistance at $2,780. Transcending these benchmarks might incentivize the price toward the $2,880 zone.
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