Ethereum Price Hits $1,966, Targets $2,500

Ethereum's price has reached $1,966 after increasing by 5% on July 27. The surge in spot demand, short liquidations, and tighter available supply pushed ETH towards the key $2,000 barrier.

The daily chart shows that $1,981.50 and $2,000 are the next major resistance zones. However, some analysts see this as a good opportunity for Ethereum to break through these levels and target prices between $2,350 and $2,500.

The 4-hour RSI reached 73.36, indicating strong momentum but also raising the risk of a short-term pullback. Liquidation data shows large leverage clusters near $1,980-$2,000, with downside liquidity around $1,930.