Ethereum Could Hit $2,000 If It Breaks $1,850 Resistance, Analyst Says

Ethereum faced rejection after testing the $1,820–$1,850 resistance zone on the daily chart, according to crypto analyst Ted Pillows.

Pillows noted that ETH is currently trading around $1,776 and remains above the $1,750 support level, which he identified as an important price zone for the cryptocurrency.

The analyst added that a breakout above the resistance zone, supported by strong spot demand, could potentially drive Ethereum toward the $2,000 level.

Source: Ted Pillows