Ethereum on the Edge, Will Bulls Fuel a Breakout Around $2K?

Ethereum holds its ground near the $1.7K level.

Over $41.59 million worth of ETH has been liquidated from the market.

Today’s brief uptick in the crypto market has resulted in the assets bouncing between red and green charts. The largest assets, Bitcoin and Ethereum, have entered the recent high range in price. Will the bulls tighten the grip and kickstart a rally soon?

The spike in the market has sent the assets to trade on the upside. Whereas, the largest altcoin, Ethereum (ETH), stayed back in the bearish zone with a 1.04% gain. ETH’s mighty bearish trend line will only see a recovery if it crosses over $2K.

Ethereum opened the day trading at $1,755, and gradually it slipped to the range of $1,740. The bulls in command have driven the ETH price to a daily high of $1,802 after smashing through the resistance at $1,784.

As of now, Ethereum traded within the $1,774 mark, with the daily trading volume having plummeted by over 20%, reaching $14.4 billion. In addition, the market has witnessed a liquidation of $41.59 million worth of Ethereum in this interval, as per Coinglass data. $ETH #EthereumFuture #Binance #BinanceSquareTalks #BinanceAlphaAlert #dinnerwithtrump