Ethereum Soars Past $2,700: Breakout Signals Potential Altcoin Rally

Ethereum has surged over 5% in the past 24 hours, outpacing Bitcoin and signaling a potential breakout for altcoins. After hitting solid support at $2,550, ETH rallied toward new highs, exceeding crucial resistance levels like $2,620, $2,650, and $2,720. The session high of $2,787 was followed by a brief consolidation phase before trading near $2,720. Technical analysis suggests the breakout is supported by a bullish trend line on the hourly ETH/USD chart. This trend line offers strong support if Ethereum experiences any pullback.