Ethereum (ETH) price has finally broken the $2000 barrier, trading at around $2300 after surpassing a critical resistance level. This boosts hopes for a potential rise to $3000 and $4000.

The sharp rise began after the Federal Open Market Committee's decision to keep interest rates steady on May 7, leading to widespread interest in riskier digital assets.

With the price of the top altcoin surpassing critical levels and bullish signals flashing on chain metrics, the stage is set for a significant upward movement.

Ethereum price breaks the major resistance level at $1860 and $2300.

According to Ali Martinez, Ethereum's price recently broke the resistance level at $1860, a critical area where 4.54 million wallets hold 5.58 million Ethereum. The leading digital currency has finally managed to surpass the important supply barrier that had limited its progress over the past few weeks, indicating a significant shift in market sentiment.

With the price bouncing above this level and establishing a strong foothold, Ethereum's price may rise in the long term, with potential targets at $3000 and $4000.

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