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Ethereum (ETH) Price: Bulls Target $2,000 Level After Bounce From $1,780 Support

  • ETH is showing signs of recovery after weeks of selling pressure, currently trading around $1,831. Bulls need to break above the $1,850-$2,000 range for a significant market shift.
  • The ETH/BTC ratio has reached its lowest volatility level in over two years, indicating a possible impending sharp directional move.
  • Technical indicators suggest momentum is building for Ethereum, but a confirmed trend shift requires reclaiming the $1,900-$2,000 range.
  • Ethereum remains over 55% down from December highs, with critical support near $1,780-$1,750. The next few sessions will be crucial to determine the direction of the recovery.

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