Ethereum has surged 16%, breaking out of consolidation and hitting $2,249 with significantly high trading volume. This impressive jump has sparked speculation about Ethereum’s future trajectory. Analysts attribute this rise to expanding DeFi applications and growing institutional investments. The technical indicators suggest a bullish momentum, potentially leading to a rally toward the $2,380 level, which could further push the price towards $2,600. 108% trading volume in just 24 hours indicates a strong market response with Ethereum now trading at $2,249 after smashing through the $2,000 barrier. The resurgence of Ethereum comes as a surprise to many who view it as