Ethereum Breaks $2,500 Barrier, Targets $2,838 Amid Bullish Trend Test

Ethereum has broken through a key resistance level of $2,500, continuing its upward momentum. The surge in price is attributed to strong bullish sentiment and expanding DeFi applications, with analysts pointing to the increased interest from institutional investors. As Ethereum eyes a target near $2,838, experts are observing the potential for short-term volatility before potentially confirming the trend’s continuation.