Ethereum Surges 44% in Week, Reclaims $2,500 Level

Ethereum's latest price was $2495.63, down 0.488% in the last 24 hours. This recent price movement has sparked significant interest and speculation within the cryptocurrency community. Ethereum has shown clear signs of recovery on the weekly timeframe, breaking decisively above the 200-week exponential moving average (EMA) and simple moving average (SMA) for the first time since its downtrend began earlier this year. This move suggests a potential shift in sentiment and structure, especially after months of lower highs and declining volume. The past two weeks have seen a significant uptick in participation, suggesting this move isn’t just a short squeeze but potentially the start of a broader recovery trend. ETH still faces resistance in the $2,700–$2,800 zone, but reclaiming this range could open the door for a sustained rally into Q3.

Ethereum has seen more liquidations in the last 24 hours than Bitcoin, with long position traders suffering the most significant losses. This liquidation margin is unusual and is the first of its kind this month. The massive liquidation imbalance that shifted in favor of the short traders is evidence of anticipation for potential price volatility. Ethereum’s growth may be limited unless Bitcoin exhibits a breakthrough trend. The Pectra upgrade on the mainnet is another key event likely contributing to the latest ETH price spike. This upgrade enhances layer-2 scaling and validator efficiency, which makes the network more efficient.

Ethereum has surpassed Coca-Cola and Alibaba in valuation, which is a huge milestone for the cryptocurrency. The Pectra upgrade, a big improvement on Ethereum’s blockchain, contributed significantly to this growth. The upgrade improves layer-2 scaling and validator features, which makes the network efficient. It addresses user experience and operational efficiency by reducing deposit processing times from around 12 hours all the way down to 13 minutes. This alteration further protects security because it eliminates risks associated with the adversarial nature of the consensus mechanism. Investor trust has been restored as a result of the successful upgrade, which has pushed the market performance of ETH. Layer-2 solutions have played a major role in Ethereum’s recent growth, which has resolved years of concerns about transaction speed and cost.

Ethereum’s market cap now makes it a strong contender not only in the cryptocurrency industry but among the biggest corporate players in the world. The 42% price growth represents an extremely strong momentum of the market, as ETH has advanced greatly against traditional assets. However, the Pectra upgrade has not been spared of criticism. Security experts are voicing concerns over possible vulnerabilities introduced by the change. The complexity of the upgrade, which had to be tested in several testnet trials to fix bugs, is illustrative of the difficulties of rolling out massive updates. These challenges are particularly evident in a blockchain as popular as Ethereum. The wider market for cryptocurrencies is also demonstrating recovery as the trading volumes increase over the last few weeks. Ethereum’s increase is in tandem with the increasing interest in decentralized finance (DeFi), and blockchains where Ethereum continues to lead.

Ethereum is back above the $2,500 level after a massive surge that flipped market sentiment nearly overnight. Following months of intense selling pressure that began in late December 2024, ETH spent most of the first quarter struggling to gain traction. However, last week’s powerful rally—an 80% gain in less than a month—has shifted the tone across the market, reigniting optimism and setting the stage for what could be the beginning of a broader altcoin recovery. Top analyst Jelle shared a technical analysis noting that while Ethereum’s breakout is impressive, the asset still has “a lot of work to do.” ETH is now testing a key supply zone that previously marked significant resistance. Whether bulls can push through this area or face a temporary rejection remains to be seen. Still, the magnitude and speed of this recovery suggest that Ethereum may have completed a capitulation bottom and is building toward a more sustainable uptrend.

Ethereum has surged over 44% in less than a week, reclaiming major resistance levels with strength and shifting sentiment sharply from bearish to bullish. After months of underperformance, ETH is now leading the charge in what many analysts believe could be the beginning of a long-awaited altseason. The broader market is showing signs of renewed momentum, but Ethereum’s breakout is particularly significant as it often signals capital rotation into altcoins. Reclaiming $2,500 is a significant psychological and technical milestone. With momentum turning and broader market strength building, Ethereum’s price action in the coming days could help define the trajectory for the entire altcoin sector in Q2.