Ethereum Soars Above $3,600 as Bull Market Momentum Intensifies

Ethereum (ETH) has surged past $3,600, gaining over 40% in just one day and delivering returns exceeding 150% since April, as market euphoria drives extreme upward momentum. The breakout follows a period of tight consolidation between $2,800 and $3,100, which ETH has left behind with a decisive move above the key $3,000 psychological level—now acting as solid support.

Rising trading volume alongside price increases confirms strong bullish momentum, while technical indicators like the Relative Strength Index (RSI) show extremely overbought conditions near 85. Still, in parabolic bull runs, assets often remain in overbought zones longer than expected, especially when new capital floods in.

ETH's performance is outpacing Bitcoin and other major altcoins, largely due to institutional inflows, growing demand for Ethereum-based ETFs, and increased activity across DeFi and layer-2 protocols. The rally is further supported by favorable macroeconomic conditions and renewed regulatory clarity in the broader crypto market.

Key levels to watch include support at $3,000, the mid-range breakout zone near $3,300, and immediate resistance at $3,700—the current local high. For dip buyers, a pullback to the $3,000–$3,300 range may present a strategic entry point.

Ethereum's price movement reflects more than just speculative hype. With institutional adoption rising and the ecosystem maturing, this rally appears to have deeper structural foundations compared to previous cycles. As bullish momentum accelerates, Ethereum remains at the forefront of the current crypto market surge.