ETH reclaims $2,100 as price jumps 6.2% in a day
Ethereum (ETH) surged past $2,100, gaining 6.19% intraday as traders responded to renewed bullish momentum. The move pushed ETH into stronger short-term price territory, increasing trading volume and on‑chain activity. Market drivers cited by traders include broader crypto market strength, technical breakouts above key resistance levels, and rotation from other assets into ETH. Short-term indicators suggest heightened volatility with potential for continued upside if $2,100 holds; failure to sustain could prompt quick pullbacks to nearby supports. Primary keywords: Ethereum, ETH price, crypto market, price surge. Secondary/semantic keywords: resistance breakout, trading volume, volatility, on-chain activity.
Bullish
A daily gain of ~6.2% and a move above $2,100 is a clear short-term bullish signal for ETH. Price breakouts above recognized resistance often trigger momentum buying, higher volumes, and short-covering — all of which can amplify upside in the hours to days after the move. Historically, ETH rallies accompanied by rising on-chain activity and volume (for example post-upgrade or macro-driven risk-on periods) tend to sustain gains for a short-to-medium term before profit-taking occurs. Traders should watch confirmation levels: sustained trading above $2,100 with volume support points to continuation; rejection and rapid fall below nearby supports (e.g., previous swing lows or moving averages) would increase downside risk. Macro factors — Bitcoin direction, staking/ETF-related flows, and broader risk sentiment — will modulate the magnitude and duration of the rally. Overall, this news favors short- to medium-term bullish positioning, but implies higher intraday volatility and the need for risk management (tight stops, position sizing).