$ETH on the brink of $2,000 — are the bulls ready for a breakout?

$ETH is trying to recover from March's losses:

— Price: $1,774

— Resistance test: $1,796

— Next target: $2,000

But the path upward will not be easy:

— Short-term holders are ready to take profits

— The NUPL indicator signals potential capitulation

— MVRV Long/Short Difference is deep in the red (-30%)

Breaking through $1,796 will provide a chance for a rally to $2,000, but without buyer support, Ethereum risks falling to $1,671 and even $1,522.

Will $ETH be able to maintain the pace? We are watching closely!

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