Ethereum's price has climbed 5% to $2,140, breaking away from the $2,000 support zone, as a significant buyer-seller divergence reaches a three-year high. This $104 million imbalance suggests a potential for substantial price movement. Analyst Ted Pillows highlighted the $2,000 level as crucial, warning of possible cascading liquidations if breached. However, Ethereum's current trajectory points towards a rally, with targets set at $2,400 to $2,600 if momentum continues.
Despite macroeconomic challenges, Ethereum's DeFi dominance and Layer-2 adoption are providing underlying demand. Analysts suggest that a four-hour close above $2,200 could invalidate bearish trends, while a daily close below $2,000 might trigger further declines. Longer-term forecasts predict Ethereum could average $4,000 in 2026, with machine-learning models estimating $4,350. The immediate focus remains on whether Ethereum can maintain its position above $2,000 this week.
Ethereum Price Surges Amid $104M Buyer-Seller Divergence
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