Ethereum has broken through the $2,600 resistance level, reaching new highs as investors capitalize on recent upgrades and trader optimism. The price surge marked a 37% increase following the deployment of Ethereum’s scalability improvements. Crypto influencers like Crypto Rover highlight this momentum with bullish statements regarding the return of robust market energy for Ethereum. The growth is also driven by increased institutional investment, reflected in soaring trading volumes on platforms such as Binance.
Ethereum’s latest rally echoes past trends observed after major upgrades like the London and Merge updates. This pattern suggests positive price dynamics are likely to continue as technical advancements and wider adoption drive further market expansion.