Ethereum Price Surges Past Key Resistance Amid Bullish Pattern Confirmation

Ethereum price has moved above the $2,400 mark for the first time since January 2025, signaling growing investor interest. After a strong 6.7% daily gain, ETH reached $2,448 during Friday’s trading session.

The price increase follows Ethereum’s recent Pectra upgrade and announcements about new crypto futures in Brazil. As of press time, ETH is trading at $2,505.92, showing over 40% growth in the last 30 days.

Ethereum Price Clears Key Resistance Levels With High Trading Volume

Ethereum’s price has surged past its key resistance at $2,380, which had held for several months. According to market analyst Ali charts, this level was seen as a major barrier for further price movement. With the recent breakout, analysts have noted that this could support a new bullish cycle if current momentum continues.

Data from CoinGecko shows that Ethereum rose to $2,448 on Friday, driven by a 6.7% daily increase. This marked Ethereum’s highest trading level in over four months. At present, ETH is holding support near $2,349 and trading slightly below the peak. The ETH/BTC pair has also risen, now sitting at 0.02283 BTC, a 6.7% gain in the same period.

Trading volumes have seen a notable spike over the past week. The price action followed two consecutive closes above the 50-day and 100-day exponential moving averages at $1,901 and $2,123. This pattern supports the view of continued accumulation and a rising trend across multiple exchanges.

Bullish Chart Patterns Suggest Further Upside

Technical charts show that Ethereum price has broken out from a falling wedge pattern, often seen as a bullish setup. The asset closed above both the 50-day EMA at $1,901 and the 100-day EMA at $2,123. This move confirmed a breakout supported by high trading volumes.

Ethereum also rebounded from its previous support near $2,150, which had acted as a monthly floor. The recovery was strong, and the token moved from oversold to overbought levels within a month. This behavior has previously led to large price surges in past cycles.

Chart analysts, including Peter Brandt, have pointed to a symmetrical triangle formation on Ethereum’s long-term chart. He noted, “This congestion pattern could support a moon shot,” referring to the price structure showing a potential breakout toward previous highs.

Institutional Interest Grows After Brazil’s B3 Futures Announcement

Brazil’s largest stock exchange, B3, has announced that it will launch Ethereum and Solana futures by June 16. The exchange said these futures would be cash-settled and designed similarly to those already offered by the CME in the United States. This development has drawn attention from Latin American institutions and funds seeking crypto exposure in a regulated way.

The listing of Ethereum futures on B3 is expected to bring new volume to ETH markets. Ethereum’s price reaction may reflect market optimism surrounding broader institutional adoption in emerging regions.

The exchange’s move could act as a model for other markets in Latin America. This launch may attract additional attention from large financial players, particularly as futures trading continues to grow in global crypto markets.

Ethereum Price Support and Resistance Levels to Watch

Currently, the Ethereum price maintains support at approximately the $2,120–$2,150 area which has provided the basis for the recent upsurge. If ETH continues to hold above this range, it could attempt another move toward the next key resistance level at $2,500.

Analysts caution that if the price falls below $2,100 on high-volume sell orders, it could trigger a move toward $1,950. However, current momentum, although down, still has an upward direction, and price action over the next couple of days, by action will give an indication of whether this rally will continue.

The $3,000 level remains as a short-term focus for Ethereum price forecast, if the current momentum continues. Breakout has been much faster than anticipated and hence investors will be keenly observing whether the breakout is to consolidate or continue in the upcoming sessions.

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