Key takeaways
- Ether is trading around $2,500 and could soon test the $3,000 level.
- The positive performance is occurring amid increased retail investment in cryptocurrencies.
ETH returns to $2,500 and may climb higher soon
Ether (ETH), the native token of the Ethereum blockchain, has reclaimed the $2,500 area and appears poised to move higher. This recovery follows a bearish weekend that pushed ETH down toward the $2,100 region.
At the time of writing, ETH is trading near $2,501 and could advance further if bullish market conditions persist. The recent upswing coincides with growing retail appetite for crypto exposure.
Data from eToro indicate that U.S. retail investors are increasing their allocations to cryptocurrencies amid a weakening dollar and heightened global uncertainty. eToro reports that 58% of U.S. retail traders have rebalanced portfolios in favor of digital assets.
ETH could soon test resistance at $3,000
The 4-hour ETH/USD chart looks strongly bullish and efficient, suggesting Ether’s price may continue to rise in the near term. Yesterday, ETH swept liquidity at the $2,378 level and may now target the next resistance zone.
If bullish momentum holds, ETH could reach a monthly high near $2,877 and push toward $3,000 — a level last seen in February. In an extended rally, Ether might even aim for a fair value gap around $3,200.
The relative strength index (RSI) sits at 62, indicating buyers currently control the market. A further rise in RSI would push ETH/USD into overbought territory. MACD lines are also in positive territory, reinforcing a bullish bias.
Despite the prevailing bullish setup, bears could regain control. Should selling pressure return, ETH may retest the recent lows near $2,100.