Ethereum Surges Past $2,000 Mark Amid Bullish Trend

Ethereum has been on an upward trend since late June, gaining around 30% in value to reach nearly $1,980 on July 27. This marks its highest level in 55 days and suggests a steady uptrend with higher lows.

The price action also indicates a key breakout above $1,800, which is now acting as support. Technical indicators like RSI suggest strong momentum, but some caution is warranted due to mild negative divergence.

Key resistance levels to watch are $2,000, $2,070, and $2,150, while support lies at $1,900, $1,845, and $1,800. The underlying bullish trend appears structurally sound, but upcoming US macro events and tech earnings could influence short-term moves.