Ethereum Price Pops Above $2,700 — Rally Gains Traction Once More

May 14, 2025 04:00 am Cryptocurrency 135

Ethereum price extended its increase above the $2,700 zone. ETH is now correcting gains and might revisit the $2,575 support zone.

Ethereum started a fresh increase and cleared the $2,700 resistance.

The price is trading above $2,620 and the 100-hourly Simple Moving Average.

There was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could find bids near $2,575 and start a fresh increase in the near term.

Ethereum Price Restarts Rally

Ethereum price remained supported and started a fresh increase above $2,550, beating Bitcoin. ETH gained pace for a move above the $2,620 resistance zone.

There was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH/USD. The bulls were able to push ..

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