Ethereum surged past $2,000 at a rapid pace, surprising traders and indicating strong short demand and shift in market sentiment.
Traders are now eyeing the $2,550 target, linked to a March reserve pump, as Ethereum approaches this key price level.
Caution prevails in the market as traders watch for a potential pullback to the $2,080 support level, offering entry opportunities.
Ethereum's current price sits at $2,367, showing a 23.71% increase over the past day, with uncertainty lingering regarding the sustainability of the rally.