$ETH Ethereum (ETH)

Ethereum has recorded an impressive increase of 12% this week, bringing the price close to a crucial resistance level of 1,800 USD. Since then, ETH has entered a slight correction; however, buying pressure remains positive, indicating the potential to break through resistance and move towards the 2,000 USD mark.

This is the first time since December that this cryptocurrency has shown clear signs of a reversal. However, buying volume needs to continue to reach higher levels to confidently enter a new bullish phase.

Looking ahead, the optimistic sentiment is returning to the market, and Ethereum has a real opportunity to halt the downtrend. To enter a sustainable bullish phase, the price of ETH must rise above 2,000 USD, which would allow the largest altcoin to recover some losses from previous months.