Ethereum Surges 9% After Fed Rate CutKey Highlights:
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.
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