ETHUSDT
Perp
2,953.65
+0.61%
is showing signs of a potential breakout, currently trading around $1,836.41.
Analysts suggest that if ETH$ETH surpasses the $1,850 resistance level, it could pave the way for a rally towards $2,000.
The recent surge in Ethereum's$ETH price is attributed to increased adoption of decentralized applications and anticipation surrounding upcoming network upgrades.
Investors are closely monitoring these developments, as they could significantly impact ETH's market trajectory.