The recent trend of Ethereum has significantly strengthened, with the four-hour K-line chart showing a breakthrough of the previous horizontal consolidation range, and the price effectively standing above the 1900 mark.
The technical indicators show selling pressure at 1950 above, but bullish momentum is strong, and there is a possibility of a direct push towards the 2000 round number.
It is worth noting that this upward movement is accompanied by the realization of benefits from the network upgrade. The market's previously anticipated "good news has run out" logic did not materialize; instead, a rebound trend has emerged, raising market attention on whether it can activate the overall activity of the altcoin sector.
In terms of key levels, if it can effectively break through the technical level of 1950, the target of 2000 will come into range;
On the downside, close attention should be paid to the strength of support in the 1750 area, as this position serves as a watershed between bulls and bears, and its loss or gain will directly affect short-term trend judgments.
Currently, it is essential to closely monitor the volume cooperation and the correlation effect with Bitcoin, and to formulate attack and defense strategies at key price levels.
