Ethereum is showing strong bullish momentum, with prices stabilizing above $1,600 and targeting $1,800, according to Coinomedia. Analysts highlight that key indicators such as RSI and MACD support this positive outlook. The surge is attributed to technical patterns, market fundamentals, and increased activity in DeFi and NFTs.
Investor interest is further fueled by upcoming Ethereum upgrades and Layer 2 solutions aimed at reducing gas fees and enhancing scalability. A breakthrough past the $1,800 resistance could propel Ethereum to $2,000, marking a significant psychological and technical milestone.
Ethereum Eyes $2,000 as Bullish Momentum Builds
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