Ethereum is trading at $1,840 with a slight 0.2% increase, maintaining position above $1,800 with $7.63 billion in volume.
Speculation suggests ETH may reach $2,000 if it surpasses resistance at $1,900, with nearly 4 million short-term holders potentially triggering price rallies.
Technical analysis indicates bullish momentum, with predictions of a 120% surge towards $2,500, setting the stage for a potential longer-term rally to $4,000.
Growing activity among short-term holders and increasing confidence from long-term holders point towards a possible extended uptrend for Ethereum.