Ethereum Surges 20% to Test $2,300 Resistance

Ethereum is on fire, surging over 20% in a stunning rally that has taken it above the $2,000 resistance mark and testing the $2,300 resistance on the 4-hour chart of ETH/USD.

The price cleared a key contracting triangle with resistance at $1,880, and a close above $2,050 put it into a short-term positive zone.

Bulls pumped the price over 20%, trading close to the $2,300 resistance on TitanFX, but bears may remain active near $2,280 and $2,300.