Ethereum Jumps To $2,000 Amid Market Surge – Analyst Says This Resistance Is Next
Ethereum (ETH) surpassed $2,000 for the first time since March, reaching a seven-week high of $2,075. This increase followed a recovery from a two-year low of $1,385. ETH climbed above key resistance levels, including $1,800, amid market optimism spurred by a major trade deal announcement by US President Donald Trump. Analysts suggest that ETH must maintain support above $1,930 to confirm a breakout toward $2,200. ETH's dominance is increasing after hitting new lows, reminiscent of its 2020 performance. Ethereum is also testing its range high against Bitcoin (BTC), with potential for significant price movements. A critical supply barrier exists at $2,380, where substantial ETH was purchased; clearing this level could trigger a new bull rally. Currently, Ethereum is trading at $2,050, reflecting a 13.5% daily increase.
