Ethereum (ETH) recently saw a short-lived price surge but is now struggling to hold above the $2,000 mark. After briefly climbing higher, the asset faced selling pressure, leaving traders uncertain about its near-term direction. Market analysts suggest that macroeconomic factors and shifting investor sentiment could dictate whether ETH breaks out or consolidates further.
Key resistance levels to watch include 2,100 1,900. Some experts point to upcoming network upgrades and institutional interest as potential bullish drivers. However, if bearish momentum persists, ETH may retest lower levels before another recovery attempt. Traders are closely monitoring trading volume and broader crypto market trends for clearer signals.
