Ethereum saw a 9% price increase, closing the week strong. The Fed's 0.50% interest rate cut sparked a bullish reaction across the crypto market. ETH broke through the $2,400 resistance level, which is now a critical support. Targets and Outlook:
Current targets are $2,600 and $2,900, both of which will serve as key resistance levels. As long as $2,400 holds, buyers remain in control. After months of bearish price action, Ethereum is showing signs of recovery.