Ethereum Price Hinges on $1,980 to $2,000 Resistance

Ethereum's price has been steady at $1,900 as traders wait for it to break through the $2,000 resistance level.

The network activity has reached record levels with millions of transactions processed daily, while average transaction costs remain low.

This combination supports network growth without increasing user costs.

CW, a crypto investor and data analyst, identified $1,883 as an anchor level for Ethereum's price, expecting the bullish structure to continue if it remains above that area.