Ethereum Breaks Above $1,903: Is the Push Toward $2K On?

Ethereum (ETH) has broken above the $1,903 level and is trading within its daily range of $1,867 to $1,903. The largest altcoin's daily volume has reached $4.58 billion, with a 24-hour trading range that includes $24.09 million in ETH liquidations.

The price has held above the $1,750 low and the nine-month downtrend for over a month, indicating a long and drawn-out bottoming process. The daily chart shows a symmetrical triangle, with the price moving sideways around the 50 EMA for nearly 30 days.

A rectangle breakout is in motion, with ETH consolidating between $1,865 and $1,892 before breaking above the upper resistance. This short-term signal has been confirmed on the daily pattern, indicating a potential push towards higher momentum.