Ethereum Continues Strong Performance with 4% Weekly GainMarket Update:
Ethereum closed another strong week, with a 4% price increase, driven by buyer momentum pushing prices above $2,600.
The next target for ETH is $2,800, which will act as a key resistance level.
Technical Outlook:
Momentum has steadily shifted bullish since September, allowing ETH to break out of the downtrend that began in March, bringing optimism back to the market.
If sellers return, Ethereum has solid support at the $2,400 level, ensuring stability in the current price range.
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Cryptorecovery
Ethereum Surges 9% After Fed Rate CutKey Highlights:
Ethereum saw a 9% price increase, closing the week strong.
The Fed's 0.50% interest rate cut sparked a bullish reaction across the crypto market.
ETH broke through the $2,400 resistance level, which is now a critical support.
Targets and Outlook:
Current targets are $2,600 and $2,900, both of which will serve as key resistance levels.
As long as $2,400 holds, buyers remain in control.
After months of bearish price action, Ethereum is showing signs of recovery.
#Ethereum #ETH #CryptoBull #MarketUpdate #FedRateCut #CryptoRecovery #ETHPriceTargets