After several weeks of experiencing selling pressure, Ethereum (ETH) has finally managed to break through the technical resistance level above $1,800. This indicates a change in momentum that may lead to a bullish trend. Data from IntoTheBlock shows that the market capitalization of Ethereum (ETH) has increased by 12% in the last 24 hours, signaling an increase in interest and capital flow into this asset.
This increase has occurred despite rising geopolitical tensions, including the potential trade war between the US and China. However, Ethereum (ETH) has shown strong resilience, with on-chain indicators showing only minimal resistance ahead. The largest resistance is observed around $1,860, which, if the current momentum continues, could be quickly surpassed.
