Crypto
Ethereum Price Breaks Above $1.9K, Targets $2K
Ethereum's price has broken above $1.9K and is trading at around $1,903. The largest altcoin's daily volume reached $4.58 billion, with a 24-hour trading range between $1,867 and $1,903.
The market experienced $24.09 million in ETH liquidations over the past 24 hours. Ethereum has been forming a symmetrical triangle on its daily chart, with the price moving sideways around the 50 EMA for nearly 30 days.
The breakout above the rectangle's upper resistance is a short-term signal that confirms the daily pattern. If Ethereum holds above $1,911, the major chart target would be $1,925, and beyond that range, the next crucial zone to aim at is $2K.