🚀💥 Ethereum surges past $16,000: Sprinting towards $2,000, DeFi frenzy ignites! 😱🔥

ETH Strong Breakthrough

Ethereum (ETH) breaks free from months of stagnation, surpassing the downtrend and holding above $1,600, aiming for the psychological barrier of $2,000! Layer 1 TVL skyrockets to $190 billion, reaching a new high since the end of 2022, boosting investor confidence.

DeFi Frenzy Boost

On-chain data shows that stablecoins, lending, liquid staking, and DEX protocols have all surged, driving up TVL. The liquid staking and lending boom indicates a return of capital, strengthening ETH's bullish momentum.

Key Levels and Risks

Upward Target: Break through $2,000, or head straight for $2,500-$3,000.

Key Support: Hold above $1,600, otherwise it may reverse.

Ethereum Foundation wallet transfers 1,000 ETH to Kraken, rumors of sell-off may disturb market sentiment.

Macro Catalysts

In June, expectations for a Federal Reserve interest rate cut are rising, and cooling inflation may boost ETH and other risk assets. Can ETH ride the momentum to $2,000? Hot topic in the crypto community!