Ethereum Price Surges Past $2,500, Signals Potential for Continued Growth

Ethereum has broken out of a long-term downtrend, surging past the $2,500 mark after hitting a low near $1,600. Technical indicators like RSI and MACD suggest this bullish momentum may continue, paving the way for further price increases. The recent surge in Ethereum comes after months of decline, defying its historical bearish trend. Experts attribute the breakout to expanding decentralized finance (DeFi) applications and increased institutional investment.