🚀 Ethereum ( $ETH ) Price Rally: What to Expect After Breaking $1800 📈

The crypto markets are bouncing back after the trade war losses, with Bitcoin soaring above $93,000. Ethereum (ETH) has made an even bigger leap, rising over 10% in the past 24 hours, aiming to secure support at $1800. 🪙

🐋 After Ethereum's strong performance, whales increased their activity. One whale purchased nearly 20,000 ETH, worth around $34.7 million, while another withdrew 12,000 ETH from Binance. Despite this, selling pressure hasn't mounted, suggesting ETH may continue its bullish trend for the week.

⚖️ However, ETH has struggled to rise above the 50-day moving average at $1830, as bears took some profits. Despite the bullish crossover on the charts, the token remains under bearish influence from the cloud, indicating a consolidation phase. Bulls are defending support at $1770.

📉 ETH is currently priced at $1797, with a strong resistance at $1860. If this level is surpassed, ETH could attempt a push toward $2000. On the downside, a drop to $1750 may signal further correction, potentially dipping below $1700.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.