ETH Price Breaks Above $1,903 as Momentum Shifts Towards $2K

The price of Ethereum (ETH) has broken above $1,903, and its daily volume reached $4.58 billion. The market's 24-hour trading range is between $1,867 and $1,903.

ETH has been forming a symmetrical triangle on the daily chart for nearly 30 days, with the price moving sideways around the 50 EMA. This pattern is building pressure as the range tightens.

The asset recently consolidated between $1,865 and $1,892 before breaking above the upper resistance, confirming the rectangle breakout.

If ETH holds above $1,911, its next major chart target would be $1,925. Beyond that range, the crucial zone to aim for is $2K.