$ETH

Traders should pay attention to key support and resistance levels:

• Support levels: $1,700 and $1,750

• Resistance levels: $1,850 and $1,900

If the price breaks through $1,850, it may further challenge the $2,000 level.

However, it is worth noting that despite the strong performance in the spot market, the derivatives market indicates an increase in long leverage positions, which may lead to increased price volatility in the short term.

Ethereum has shown strong upward momentum driven by institutional funding support and improved market sentiment. However, investors should remain cautious of potential price retracement risks in the short term.