Ethereum Price Analysis: ETH Jumps Past $2.5K as Moving Averages Eye Bullish Cross

Ethereum has recovered sharply from its mid-year lows and jumped past the key $2.5K level on Friday. The charts show a constructive improvement in the broader market structure, although ETH remains below several important higher-timeframe resistance levels. Meanwhile, the Coinbase Premium Index is once again negative, suggesting that the recent recovery has not been accompanied by consistently strong spot demand from U.S. investors. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH has undergone a significant structural recovery from the $1.5K support area. The rebound has pushed price back above both the 100-day and 200-day major moving averages shown on the chart, with the 100-day yellow average aggressively pushing toward the 200-day one from below, likely to form a bullish crossover around $2K. ETH is currently trading around $2.5K, directly inside a key resistance zone. This area has repeatedly contained price during the recent consolidation. Yet, a valid daily breakout above it can lead to continuation of the recovery. A successful move above the $2.5K area could expose the next major resistance around $3.0K. Beyond that, the larger daily resistance zone si...