Ethereum Price Rebounds Above $1,900, But Analysts Warn of Key Hurdle

Ethereum's price rebounded by nearly 2% on August 17 as buyers defended short-term support and pushed the token above $1,900.

The recovery accelerated after Ethereum reclaimed the $1,890 area, which had previously limited price advances during the previous three sessions.

Despite the positive momentum, analysts caution that a confirmed close above $1,960 is necessary to open the path toward stronger upside momentum and targets around $2,030 and $2,190.