2 weeks ago
5
- Ethereum (ETH) has gained 8.8% in a week as momentum strengthened.
- BlackRock’s ETHA helped drive fresh spot ETF inflows.
- $2,000 remains Ethereum’s next major resistance level.
Ethereum has extended its latest recovery, climbing above the $1,900 level and putting the $2,000 mark back into focus.
The recovery comes after several weeks of improving price action, renewed institutional interest, and technical signals that suggest bulls have regained control in the short term.
At press time, ETH was trading at $1,942.56, up 4.2% over the last 24 hours.
The cryptocurrency is up 8.8% over the past seven days, 9.7% over the last two weeks, and 12.3% during the past month, highlighting a steady recovery after months of weaker performance.
Technical momentum builds as ETH approaches key resistance
Ethereum’s latest rally has brought it close to an important technical zone.
The cryptocurrency briefly traded just below $1,947, leaving it only a few dollars away from testing the upper end of its 24-hour range.
Several technical indicators have turned more constructive during the recen...
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