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Home Ethereum

Ethereum Breaks Key Resistance In One Massive Move – Higher High Confirms Momentum

May 9, 2025
in Ethereum
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Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Ethereum has finally broken above the long-watched $2,000 resistance level—and it didn’t just edge past it, it blasted through with force. In under 48 hours, ETH surged more than 35%, reaching as high as $2,490 and sending a strong signal that a new phase may have just begun. The breakout, which comes after months of sluggish price action and uncertainty, has reignited bullish sentiment across the market.

Related Reading

Top analyst Jelle described the move in dramatic terms, noting that Ethereum aggressively broke straight through a massive resistance level, “like it wasn’t even there.” More importantly, ETH has now made a higher high, flipping the market structure and confirming the strength of this rally. This is the kind of breakout that often marks a shift in trend, not just a temporary spike.

With Bitcoin flirting with $100K and altcoins waking up across the board, Ethereum’s explosive move may be the start of something much bigger. The $2,000 level had been a significant psychological and technical barrier for months, and now that it’s gone, bulls are in control. All eyes are on whether ETH can hold these gains and continue leading the charge in the next leg of the crypto bull cycle.

Ethereum Forms Bullish Structure As Momentum Shifts

After months of relentless selling pressure and persistent bearish sentiment, Ethereum is finally showing signs of structural recovery. The market environment, long dominated by doubt and underperformance, is now shifting as ETH begins to establish a new, more bullish formation. This shift isn’t just about price—it’s being reinforced by meaningful developments on the fundamental side.

One of the most important catalysts is the upcoming Pectra update, a major improvement designed to make Ethereum more efficient, scalable, and cost-effective. The update focuses on enhancing the Ethereum Virtual Machine (EVM) and optimizing smart contract performance, key changes that could significantly improve network usability and reduce transaction costs. This technical progress renews investor interest and builds a fresh narrative around Ethereum’s long-term potential.

See also  Donald Trump crypto holdings grow by $1.6 mln following election win

The price action confirms the change in sentiment. Jelle highlights that Ethereum easily broke past the $2,000 resistance, as ETH surged more than 21% only yesterday, blasting through $2,200 and hitting a high near $2,490. More importantly, ETH has made a higher high, signaling a trend reversal. According to Jelle, holding the $2,200 level is now key—if this support holds, “ETH could actually be back.”

Ethereum breaking critical resistance levels | Source: Jelle on X
Ethereum breaking critical resistance levels | Source: Jelle on X

Analysts are beginning to call for continued upside, pointing to the combination of washed-out bearish sentiment, fresh technical structure, and growing network optimism driven by the Pectra upgrade. With ETH now breaking out and flipping resistance into support, the conditions are aligning for a potentially massive recovery phase. If momentum holds and the $2,200 level is respected, Ethereum could be entering the early stages of a powerful and sustained rally.

Related Reading

ETH Price Analysis: Bulls Take Over

Ethereum (ETH) is trading at $2,334 after a stunning rally that saw it surge more than 35% in less than 48 hours. The daily chart shows a massive breakout above the long-standing $2,000 resistance level, with price reaching as high as $2,490 before pulling back slightly. This breakout decisively ends months of downtrend structure and signals the formation of a new bullish leg.

ETH testing resistance after a massive breakout | Source: ETHUSDT chart on TradingView
ETH testing resistance after a massive breakout | Source: ETHUSDT chart on TradingView

This move came with substantial volume, validating the breakout and showing clear market conviction. ETH also printed a higher high for the first time in months, confirming a shift in trend. However, the price is now approaching the 200-day EMA at $2,428 and remains below the 200-day SMA at $2,701—two levels that could serve as medium-term resistance.

If ETH can hold the $2,200–$2,250 zone as support, this breakout could turn into a full trend reversal. The recent volume spike suggests that both retail and institutional players are stepping back in, possibly driven by growing optimism around Ethereum’s upcoming Pectra upgrade and improving macro sentiment.

Related Reading

Overall, the chart shows strength and momentum. If bulls maintain control and reclaim the 200-day SMA in the coming sessions, ETH could be set for a sustained run toward higher levels.

Featured image from Dall-E, chart from TradingView

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

Reason to trust

See also  Legendary Analyst Reveals Prediction For December

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Ethereum has finally broken above the long-watched $2,000 resistance level—and it didn’t just edge past it, it blasted through with force. In under 48 hours, ETH surged more than 35%, reaching as high as $2,490 and sending a strong signal that a new phase may have just begun. The breakout, which comes after months of sluggish price action and uncertainty, has reignited bullish sentiment across the market.

Related Reading

Top analyst Jelle described the move in dramatic terms, noting that Ethereum aggressively broke straight through a massive resistance level, “like it wasn’t even there.” More importantly, ETH has now made a higher high, flipping the market structure and confirming the strength of this rally. This is the kind of breakout that often marks a shift in trend, not just a temporary spike.

With Bitcoin flirting with $100K and altcoins waking up across the board, Ethereum’s explosive move may be the start of something much bigger. The $2,000 level had been a significant psychological and technical barrier for months, and now that it’s gone, bulls are in control. All eyes are on whether ETH can hold these gains and continue leading the charge in the next leg of the crypto bull cycle.

Ethereum Forms Bullish Structure As Momentum Shifts

After months of relentless selling pressure and persistent bearish sentiment, Ethereum is finally showing signs of structural recovery. The market environment, long dominated by doubt and underperformance, is now shifting as ETH begins to establish a new, more bullish formation. This shift isn’t just about price—it’s being reinforced by meaningful developments on the fundamental side.

One of the most important catalysts is the upcoming Pectra update, a major improvement designed to make Ethereum more efficient, scalable, and cost-effective. The update focuses on enhancing the Ethereum Virtual Machine (EVM) and optimizing smart contract performance, key changes that could significantly improve network usability and reduce transaction costs. This technical progress renews investor interest and builds a fresh narrative around Ethereum’s long-term potential.

See also  How ETH's spot volume hit $20B despite Bitcoin's ATH

The price action confirms the change in sentiment. Jelle highlights that Ethereum easily broke past the $2,000 resistance, as ETH surged more than 21% only yesterday, blasting through $2,200 and hitting a high near $2,490. More importantly, ETH has made a higher high, signaling a trend reversal. According to Jelle, holding the $2,200 level is now key—if this support holds, “ETH could actually be back.”

Ethereum breaking critical resistance levels | Source: Jelle on X
Ethereum breaking critical resistance levels | Source: Jelle on X

Analysts are beginning to call for continued upside, pointing to the combination of washed-out bearish sentiment, fresh technical structure, and growing network optimism driven by the Pectra upgrade. With ETH now breaking out and flipping resistance into support, the conditions are aligning for a potentially massive recovery phase. If momentum holds and the $2,200 level is respected, Ethereum could be entering the early stages of a powerful and sustained rally.

Related Reading

ETH Price Analysis: Bulls Take Over

Ethereum (ETH) is trading at $2,334 after a stunning rally that saw it surge more than 35% in less than 48 hours. The daily chart shows a massive breakout above the long-standing $2,000 resistance level, with price reaching as high as $2,490 before pulling back slightly. This breakout decisively ends months of downtrend structure and signals the formation of a new bullish leg.

ETH testing resistance after a massive breakout | Source: ETHUSDT chart on TradingView
ETH testing resistance after a massive breakout | Source: ETHUSDT chart on TradingView

This move came with substantial volume, validating the breakout and showing clear market conviction. ETH also printed a higher high for the first time in months, confirming a shift in trend. However, the price is now approaching the 200-day EMA at $2,428 and remains below the 200-day SMA at $2,701—two levels that could serve as medium-term resistance.

If ETH can hold the $2,200–$2,250 zone as support, this breakout could turn into a full trend reversal. The recent volume spike suggests that both retail and institutional players are stepping back in, possibly driven by growing optimism around Ethereum’s upcoming Pectra upgrade and improving macro sentiment.

Related Reading

Overall, the chart shows strength and momentum. If bulls maintain control and reclaim the 200-day SMA in the coming sessions, ETH could be set for a sustained run toward higher levels.

Featured image from Dall-E, chart from TradingView

Tags: BreaksconfirmsEthereumHighHigherkeyMassivemomentummoveresistance

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