Will Ethereum BREACH $2,000 Higher?

The recent focus has shifted towards Ethereum, showcasing promising performance metrics. In the last 24 hours, Ethereum’s price rose by approximately 2%, leading it to surpass the critical resistance of $1,650. As Ethereum gains traction, the burning question emerges: Will its price soar to the $2,000 milestone once again? Let’s explore further in this Ethereum price prediction article.

Ethereum Price Analysis: Why is Ethereum Up?

The Ethereum market has been exhibiting a consolidating trend for some time. Recent market catalysts and positive sentiment around the Ethereum platform have spurred this price movement. With the momentum gathered over the past week, Ethereum’s price has jumped from a mere figure slightly above the $1,650 resistance to its present value of $1,730 – an impressive 10% appreciation in just seven days.

Ethereum Price Prediction: The Road to $2,000

Having successfully surpassed the $1,650 resistance, market watchers and crypto enthusiasts are now setting their eyes on the next significant milestone: the psychological benchmark of $2,000. If the current market conditions maintain their favorable status and Ethereum continues its upward trajectory, it’s not far-fetched to believe that the $2,000 target is within reach. Historically, once Ethereum breaks a key resistance, it tends to pursue the next significant price point. With the prevailing bullish sentiment, investors seem to be in a position to capitalize on this trend.

Spotlight on Top Performing Cryptos

While Ethereum is capturing a lot of attention due to its commendable performance, several other cryptos are also exhibiting promising dynamics. As Ethereum’s movement tends to influence the altcoin market, it’s vital to stay updated on other potential gainers in the crypto realm.

Bitcoin SV (BSV):
- Price: $37.36
- Weekly Increase: 16.90%
eCash (XEC):
- Price: $0.00002792
- Weekly Gain: 11.57%
THORChain (RUNE):
- Price: $2.17
- 7-day Surge: 10.30%
Render (RNDR):
- Price: $1.72
- Weekly Increase: 7.12%
Mantle (MNT):
- Value: $0.4177
- Growth over the week: 5.31%