Ethereum Price Surges 25% Since July, Buyers Eye $2000 Resistance
Ethereum's price has surged nearly 25% since the start of July after rebounding from the $1,500 support zone.
The rally added more than $400 to its price in less than a month, following June's steep correction that restored bullish sentiment across the market.
Buyers have consistently defended higher lows throughout the ongoing uptrend, with Ethereum now trading near the $1,900 resistance zone after reclaiming $1,800.
A successful breakout could bring the $2,000 psychological level back into focus for investors.
The RSI remains above the neutral, suggesting bullish momentum is intact without entering overbought territory. Meanwhile, the Cumulative Volume Delta (CVD) remains relatively weak, indicating aggressive buying has yet to support the recent price recovery fully.