The rate of Ethereum has increased by 5.42% in the past 24 hours, with its price nearing the local resistance of $2,442 on the hourly chart. If it breaks out, there is potential for a test of the $2,500 area soon. On the daily timeframe, the main altcoin's rate continues to rise, and if bulls maintain their advantage, there could be a surge to the $2,600 zone by the end of the month. However, for long-term predictions, it is still too early as ETH lacks the energy for sustained growth. Currently, Ethereum is trading at $2,432.



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