#ETHBreaks2k
ETH) has recently broken above the $2,000 mark, reaching approximately $2,013.99, marking a 6.17% increase within 24 hours. This surge follows a period of significant struggle below this psychological threshold, where ETH faced downward pressure due to declining network activity and bearish market sentiment.
Analysts have noted that while this breakout is promising, Ethereum's price action has formed an inverted flag pattern, suggesting potential volatility ahead. Predictions indicate that ETH could either rise towards $2,500 or revert to around $1,950 if it fails to maintain momentum. The market remains cautious, with traders closely monitoring key support and resistance levels as Ethereum attempts to regain its bullish stance after recent declines.