Ethereum News: ETH Price Climbs to $2,660 with Bullish Momentum
The Ethereum price has surged to $2,660, continuing a recovery trend supported by increasing market confidence. ETH is up 4.82% in the past 24 hours and 4.16% over the last 7 days, backed by growing trading volume and renewed investor interest.
ETH/USD chart in the past 1-month – TradingView
Ethereum now holds a market cap of $321 billion, with over $38 billion in 24-hour volume, signaling strong activity and momentum in the market.
Ethereum Price Prediction: KEY Levels to Watch for Next Week
According to the weekly chart, Ethereum has broken above the $2,535 zone and is approaching the 50-week Simple Moving Average (SMA) at $2,749. This is a critical technical barrier. If ETH can close above this line, it could confirm a breakout from the months-long bearish structure.
ETH/USD 1-week chart – TradingView
Key Ethereum Levels:
- Short-term support: $2,535 – now acting as a base after the breakout.
- Major support: $2,200 – a strong level where buyers previously stepped in.
- Immediate resistance: $2,749 – the 50-week SMA, a key hurdle.
- Bullish targets: $3,200 and $4,016 – major resistance zones above.
Technical Indicators Show Strength
The Relative Strength Index (RSI) is currently at 54.26, showing healthy momentum with more room for upside before reaching overbought levels. This supports the case for a potential continuation higher, especially if ETH holds above $2,535.
What’s Driving the ETH Rally?
Ethereum’s rise is part of a broader bullish wave across the crypto market, especially following Bitcoin’s new all-time high at $111K. Institutional capital is gradually flowing into altcoins, with Ethereum as the top pick after BTC.
In addition, optimism around Ethereum’s upcoming scaling solutions, stronger Layer 2 adoption, and overall DeFi resurgence is pushing ETH back onto investors’ radar.
Can Ethereum Hit $3,200 Next?
As long as Ethereum stays above $2,535, bulls are in control. A close above $2,749 would unlock a path to $3,200, a level that has historically acted as a major resistance.
However, a drop back below $2,535 could lead to a pullback toward $2,200, where a new base could form before another leg up.
