‘Moment of Truth’ for Ethereum after best day in 4 years

Ethereum (ETH) yesterday issued a powerful signal to the market with an increase of no less than 20%. Tonight, the crucial limit of $ 2,200 was convincingly broken. This movement not only marks a strong recovery, but also points to a possible turning point in the market sentiment. After a long period of restraint, the momentum finally seems to be on the bulls side.

Breakthrough after months of edition

The outbreak means the end of a six -month downward trend. For the first time in a long time, Ethereum again acts convincingly over important resistance levels. The psychological level of $ 2,200 now acts as a new support zone and thus forms a solid foundation for a possible further increase.

That foundation seems to have an immediate effect. The Ethereum race is now ticking $ 2,460, with an increase of almost 7% within one hour. In just 24 hours, about $ 60 billion has been added to market value, good for a growth of 25.5%.

Pectra upgrade reinforces trust

An important motivation behind the price jump is the successful implementation of the so-called pectra upgrade. This upgrade improved, among other things, the strike mechanism and the scalability of the network. That has noticeably strengthened confidence in Ethereum. The market reacted with a strong increase in trade volume and increasingly optimism among investors.

ETH/BTC ratio restore after long dip

Not only the course in dollars makes an impression: the ETH/BTC ratio also shows signs of recovery after a long period of weakness. If Ethereum continues to attract Bitcoin (BTC), this can mean the start of a broader revival within the cryptomarkt. Historically, a rising ETH/BTC-Chart is often a harbinger of a new altseason.

Next price goals in sight

The road seems free towards the next resistance level around $ 2,550. In addition, $ 2,700 is the next potential hurdle. If the Bullish Momentum persists, these levels can be tested soon. At the bottom, $ 2,200 remains the crucial border to keep an eye on.

The phase of stagnation seems to be over. Ethereum shows strength and direction again. The coming trading days will be decisive, especially if the recent breakthrough persists and creates space for a follow -up towards higher price levels.