$ETH began the previous week on a bearish note, peaking at $1,656 intraday before retreating to $1,579 by the close, logging a marginal loss. Momentum shifted on Tuesday as ETH surged over 11%, breaking past the 20-day SMA and ending the day at $1,757. The rally continued Wednesday with a 2% gain, pushing ETH to $1,796. However, the asset struggled to breach $1,800, dropping 1.4% on Thursday to close at $1,770. Friday saw a modest recovery, with ETH rising nearly 1% to $1,786.
Saturday brought another bullish push as ETH climbed almost 2%, clearing the $1,800 level and the 50-day SMA to settle at $1,821. However, sellers returned on Sunday, dragging ETH down 1.6% to $1,792 and back below key support levels. Monday’s session was marked by indecision, though buyers managed a slight gain, lifting ETH to $1,799. Attempts to breach $1,800 faltered again on Tuesday, with a marginal dip to $1,798. On Wednesday, ETH dipped to an intraday low of $1,736 but recovered to close at $1,795, ending with a slight loss.
In today’s session, ETH has surged past $1,850, currently trading at $1,843. If bulls maintain momentum and break through resistance at $1,860, Ethereum could be poised for a rally toward the $2,000 level a key psychological and technical milestone
