Ethereum price hits $2000 In the last three weeks, the Ethereum bullish rally recorded
17% and reached the
$2000 mark for the first time in eight months. Moreover, the buyers also breached the pattern’s resistance trendline indicating a higher possibility of further recovery.
The $2000 level stands for strong multiple-month resistance and thus the Ethereum price may consolidate before giving an actual breakout. During the potential consolidation, the breached trendline could offer buyers a significant footing to prolong the bullish rally.
A potential breakout from $2000 will intensify the bullish momentum and raise the ETH price by 16% to hit
$2350.
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