Ethereum Rebounds Strongly After 80% Rally

Ethereum has experienced a remarkable resurgence, surging back above the $2,500 mark after recovering from steep losses. A bounce from crucial support levels around $1,950–$2,000 is driving this rally, with prices currently trading between $2,450 and $2,600. While significant gains have been made, analysts caution that the cryptocurrency still faces key resistance at $2,700 and $3,200, potentially hindering further progress. 80% of price growth in just a month suggests a strong turnaround for Ethereum but many remain skeptical about its longevity.