Examining if Ethereum can keep climbing to $2,680 and beyond

• Ethereum rebounds in Q2 with a 39.4% achieve, pushed by optimism across the Pectra improve.
• Whale buys $75.39M in ETH, inflicting bullish momentum as ETH breaks the $2,550 resistance degree.

Ethereum [ETH] is making waves as soon as once more.

Surging previous the important $2,550 resistance degree, the king altcoin is using excessive on robust quarterly good points and a headline-making whale buy.

This newest transfer by a key investor, whose earlier purchase strategically preceded a two-week value rally, added to the bullish sentiment and hints at a attainable breakout for ETH.

Ethereum bounces again

After a difficult begin to 2025 with a pointy 45.41% drop in Q1, Ethereum has staged a exceptional comeback in Q2, posting a 39.4% achieve.

This constructive shift aligns carefully with the rollout of the Pectra improve – a key community enhancement geared toward bettering scalability, safety, and person expertise.

Market optimism surrounding the improve has clearly bolstered investor confidence, serving to ETH regain its footing.

Supply: Coinglass

Traditionally, Ethereum has proven robust Q2 performances. However this yr’s rebound feels significantly important because it reestablishes bullish momentum and units the stage for a doubtlessly robust second half of the yr.

Whale watch

A mysterious Ethereum whale has stirred the waters with a jaw-dropping $75.39 million ETH buy on the twenty sixth of Might.

Supply: X

That is no peculiar investor—the identical pockets’s final main buy led to ETH doubling in two weeks.

Now, with $23.73 million in previous ETH good points and already $1.52 million up on this newest place, merchants, and analysts are carefully watching the transfer, including weight to the present bullish sentiment.

ETH flips resistance as bulls achieve management

At press time, Ethereum broke previous the $2,550 resistance degree, buying and selling at $2,553.26. The hourly chart confirmed a bullish inexperienced candle pushing ETH upward after a short correction, exhibiting renewed purchaser curiosity.

Supply: TradingView

RSI stood at 54.40 – impartial however climbing – whereas MACD remained beneath zero, suggesting early-stage bullish momentum. This breach may mark a short-term development reversal, particularly following the whale accumulation that’s stirred optimism available in the market.

If quantity sustains and ETH holds above this degree, the subsequent goal might be the $2,680 mark.