Ethereum (ETH) has staged an impressive comeback, surging 12% in the past 24 hours to trade firmly above the $1,800 mark, according to data from IntoTheBlock. The price action has triggered renewed optimism in the crypto market as ETH bulls now set their sights on the psychologically critical $2,000 level. This upward breakout follows weeks of choppy consolidation and bearish sentiment that had dominated Ethereum’s market. Now, analysts suggest a possible trend reversal, supported by both technical and on-chain signals. According to IntoTheBlock’s metrics, the largest resistance zone sits near $1,860, but beyond that, ETH faces relatively modest selling pressure, paving the way for further gains.
Ethereum Breaks Above Technical Barriers
Ethereum’s recent price spike comes after breaking above both its 200-day Moving Average (MA) and Exponential Moving Average (EMA) on the 4-hour chart for the first time since January. These indicators suggest a shift in short-term trend structure, with bulls now holding a technical advantage.
The $1,750 zone—where both MAs converge—is now viewed as critical support. Maintaining momentum above this level could validate Ethereum’s bullish breakout and attract further institutional and retail buying interest.
Geopolitical Tensions vs. Market Momentum
Despite rising global geopolitical risks, including the intensifying US-China trade war, Ethereum appears to be decoupling from traditional markets. This divergence is drawing in sidelined investors who had exited risk assets earlier, reigniting capital inflows into crypto.
Ethereum's market cap growth over the past 24 hours highlights this renewed investor confidence. IntoTheBlock data shows growing on-chain activity, minimal resistance zones, and bullish market structure—all pointing to a favorable setup for ETH to reclaim higher levels.
What’s Next for ETH Price?
The most significant barrier in the near term remains the $1,860 level, where a potential sell wall could cause some friction. However, if bulls can push beyond this point, the path to $2,000 becomes increasingly realistic.
Market sentiment is turning. Ethereum’s resilience in the face of macroeconomic uncertainty, coupled with its technical strength, places it at the forefront of what could be the next major crypto bull run.
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