Ethereum surges 18% as volume jumps 402% – But THE
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ETH/USDT
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Ethereum surges 18% as volume jumps 402% – But THESE 2 risks could halt ETH
Ethereum has surged by 18% in the past 24 hours as of writing, pushing $ETH out of its five-week consolidation and extending its weekly gain to 19.65%.
In support of the rally, the altcoin’s trading volume jumped 402% as the price cleared the $2,003 resistance and reached $2,252.80. Meanwhile, the RSI rose to 92.14, indicating that the momentum had been stretched significantly after the extremely fast increase in price.
Additionally, MACD increased sharply, further supporting acceleration as $ETH was moving into a wider trading area than it ever previously had.
However, $2,426.30 now becomes important because sellers previously defended that April supply level. Holding $2,003 would preserve the new structure and keep buyers in control.
Conversely, losing that level would return $ETH inside its former range, weakening the breakout despite the surge in volume.
Can Ethereum’s rally extend toward $2,636?
That breakout now brings Ethereum into the important zone of the rally, where fresh demand must absorb overhead supply.
At press time, $ETH was approaching the $2,431–$2,500 range. This price level is important here since this has been a previous high-price area with significant trading volume. As such, it is also an important swing high.
This zone matters because sellers who previously traded there can re-enter as price returns. Therefore, sustained volume becomes crucial for keeping the advance intact rather than simply extending momentum.
Still, a gradual reset of the RSI toward 60-70 would also be of importance. Especially if Ethereum is continuing to form higher lows while consolidating. This would provide enough cooling-off time for momentum without undoing the broader rally.
If buying interest absorbs selling pressure above $2500, then the focus shifts toward the $2636 zone.
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