# Ethereum Price Surges to $2,629.29 as Bullish Momentum Builds 🚀
Ethereum’s price has surged to $2,629.29, marking a significant 4.30% increase in the last 24 hours. This impressive price action is accompanied by a substantial trading volume of 451,080.19 ETH, signaling strong positive market sentiment. The surge suggests a renewed confidence in Ethereum’s potential.
The upward movement has been steady throughout the day, with buyers consistently outpacing sellers. This sustained buying pressure has propelled Ethereum past several key resistance levels, indicating a potential shift in market dynamics. The current price action suggests the possibility of a further upward trend in the near term.
With the price surge, Ethereum’s market capitalization now stands at an impressive 1,154,922,523.44 USDT. The substantial trading volume further validates the bullish sentiment, indicating strong participation from investors. The combination of rising price and robust volume paints a positive picture for Ethereum’s short-term outlook.
Key support levels are currently around $2,500 and $2,450. A break below these levels could signal a temporary pullback. On the upside, resistance levels are situated around $2,700 and $2,750. A decisive break above these levels could trigger a more substantial rally.
Ethereum has formed a bullish ascending triangle pattern on the intraday chart. This pattern often precedes a significant price breakout. Traders are closely watching for a confirmation of this breakout, which could further fuel the bullish momentum.
In the short term, Ethereum appears poised for continued growth. The strong bullish momentum and positive market sentiment suggest the possibility of testing the $2,700 resistance level soon. However, traders should remain cautious and manage their risk accordingly.
Key levels to watch in the coming days are the $2,700 resistance and the $2,500 support. A break above $2,700 could open the door for a move towards $2,750 and beyond. Conversely, a drop below $2,500 could indicate a temporary correction.
Final Summary:
- Current Price: 2,629.29 USDT
- 24h Change: 4.30%
- Market Cap: 1,154,922,523.44 USDT
- 24h Volume: 451,080.19 ETH
- Circulating Supply: 2,532,179 işlem
