Ethereum has closed the gap between $2,530 and $2,630 on its daily chart, reaching a new all-time high above $2,674. Traders are now focusing on whether this price surge will continue towards the next key resistance level of $2,892 and beyond. This comes after Ethereum pushed through a long-term support line that has held up during previous bullish phases. 2017, 2020, and 2023 all saw significant gains after similar instances of price breakouts. Now, traders are observing if this pattern will repeat with the same result in the current market conditions. Ethereum’s recent momentum is creating buzz within the trading community, leading to increased discussions about its long-term trajectory.