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. The Coinbase Premium Index is once again negative, suggesting the recovery lacks strong US demand.