Ethereum (ETH): Post-Rally Technical Outlook

After a 1-week rally, Ethereum (ETH) has surged by 26%, breaking out of its $1,500–$1,600 consolidation range. Currently trading at $1,773, ETH is testing key resistance levels near $1,800.

Key Drivers:

Institutional Interest: U.S. spot Ethereum ETFs saw $38.8 million in net inflows, signaling growing institutional adoption.

Technical Breakout: ETH has surpassed the $1,750 resistance, with the next major hurdle at $1,800. A clear break above could push ETH towards the $2,000 mark.

Market Sentiment: With Bitcoin (BTC) approaching $92,500, the broader crypto market is showing strong bullish sentiment.

Technical Levels to Watch:

Resistance: $1,800–$1,860 (Breaking above these could open the path to $2,000).

Support: A drop below $1,750 could trigger a pullback to $1,700

Smart Takeaway:

ETH's recent rally is backed by technical strength and institutional backing, but traders should watch for a breakout above $1,800 or a possible pullback below $1,750. Volatility is high, so manage risk accordingly.

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