Ethereum (ETH) surges, surpassing key resistance at $2,050.
ETH eyes $2,100 resistance, aiming for bullish momentum towards $2,200 and $2,350.
Ethereum (ETH) has initiated a new rally, breaching the $1,950 resistance level. The second largest cryptocurrency is presently in a consolidation phase, eyeing a potential breakthrough above the $2,070 resistance. This positive momentum follows a key trajectory, from the $1,976 swing low to reaching a high of $2,061.
Today, ETH’s bullish trend fueled the establishment of a foundation above the $2,000 mark. Subsequently, ETH surpassed key resistance levels at $2,030, mirroring Bitcoin’s (BTC) parallel ascent. Climbing above $2,050 and the 100-hourly simple moving average, Ethereum also shattered a significant bearish trend line with resistance around $2,070 on its hourly chart against the USD.
The positive sentiment in the global crypto market follows the announcement from Santander Private Banking International, a division of Banco Sant
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