Crypto News

However, after forming a strong support level at $1,800, the price has been consolidating and trying to break above the $2,400 resistance level. Breaking Above Key Resistance The $2,400 level has been a major resistance for Ethereum in recent weeks, with multiple attempts to break above it failing. However, with the recent surge in buying pressure and positive news surrounding the Ethereum network, the price is currently testing this key level again. A successful break above $2,400 could lead to a bullish trend reversal and potentially push the price towards the $3,000 mark. Influential Factors There are several factors that could contribute to Ethereum's potential breakout. First, the growing adoption of decentralized finance (DeFi) on the Ethereum network has been attracting more users and investments. This could lead to increased demand for Ether, the native currency of the network. Additionally, the upcoming London hard fork, which aims to improve the network's scalabi...