Ethereum Surges Above $2,000 as Buyers Step In

Ethereum's price has been showing signs of life after weeks of heavy selling. The cryptocurrency has pushed back above the $2,000 level and is currently trading around $2,100.

This move off the sub-$1,900 flush looks constructive and signals that buyers are stepping in at the bottom of the range. However, it's still unclear if this is a relief bounce or a genuine shift in trend.

Technically, this is the first meaningful push higher since the breakdown. But Ethereum is still trading below key resistance around $2,100-$2,200, which has capped every bounce since the selloff.

The shift in momentum is encouraging, with stronger candles and buyers defending dips instead of price immediately rolling over. However, confirmation matters, and Ethereum needs to clear this resistance before we can say the trend has truly shifted.