Ethereum Price Analysis: ETH Surpasses $2,500

Ethereum has recovered from mid-year lows, climbing above $2,500 on Friday. While the daily chart shows structural improvement and a potential bullish crossover of moving averages, the Coinbase Premium Index remains negative, indicating a lack of strong spot demand from U.S. investors. ETH now faces resistance near $2,500, with further upside potential toward $3,000 if the breakout holds.