Ethereum has pushed above the $2,550 resistance level with conviction, defying ongoing macroeconomic headwinds and signaling growing investor appetite in key demand zones.
The asset has carved out a bullish trajectory in recent sessions, forming a consistent pattern of higher highs and higher lows. The upward move gained traction after a strong bounce from the $2,470–$2,495 zone, which acted as a launchpad for renewed momentum.
As ETH climbs, technical analysts warn of a potential resistance wall near $2,800, where historical buying data suggests a dense cluster of investor activity could lead to profit-taking or slowed gains.
Technical Insights:
- Ethereum surged 6% from daily lows, reclaiming the $2,550 threshold and sustaining momentum into early Monday trading.
- Volume-heavy periods at 22:00 and 00:00 confirmed accumulation, with bulls defending breakout levels effectively.
- A spike in trading activity—178,236 ETH—was recorded as the token hit $2,597, its highest point in the past 24 hours.
- Brief consolidation saw a pullback to $2,554, hinting at potential market cooling before another leg up.
- A rapid price dip to $2,545.12 between 13:53 and 13:55 brought volatility, amplified by volume exceeding 10x the average per minute.
- The current short-term support zone is holding near $2,548, in line with broader market structure around $2,550.
Despite broader uncertainty in global financial markets, Ethereum’s breakout highlights persistent strength and renewed trader optimism—particularly as attention shifts to whether ETH can flip $2,800 into support in the coming sessions.
