Ethereum Breaks $1,800 Resistance, Eyes $2,300 and $3,000

Ethereum's price has broken through the $1,800 resistance level and is now eyeing higher targets of $2,300 and possibly $3,000. The cryptocurrency has been showing strong bullish momentum, with its MVRV Momentum golden cross indicating a potential rally. Ethereum's price is currently trading around $1,914, with increased volume supporting the upward trend.

The technical indicators are suggesting that buyers are in control, and as long as current momentum holds, the path of least resistance points upward. Key resistance levels to watch include $1,937 and $1,959, while support lies near $1,891 and $1,868. The recent formation of an MVRV Momentum golden cross and a bullish MACD also supports the strong upward trend.