Ethereum Surges Past Key Resistance Level
Ethereum (ETH) has seen a strong upward movement recently, briefly crossing the important psychological threshold of $2,100. At the time of writing, ETH is trading at $2,068.86 with a 24-hour gain of 11.4%.
Increased Volatility Calls for Caution
This rapid rise was driven by a combination of improved market sentiment and technical breakouts. Over the past few days, ETH has gradually moved past several critical resistance levels, eventually settling above the $2,000 mark.
- Trading volume has significantly increased
- Investor confidence is returning
- On-chain activity remains strong
While the short-term outlook appears bullish, investors are advised to proceed with caution and manage risk effectively.