Ethereum Surges 12% to $1,800, Bulls Target $2,000

Ethereum has surged past a critical technical resistance level, climbing above the $1,800 mark and indicating a resurgence of bullish momentum. This breakout comes after a period of uncertainty and selling pressure, suggesting a potential trend reversal. Bulls are now targeting the reclaim of the significant $2,000 psychological level, despite ongoing global tensions and the looming shadow of a trade conflict between the US and China. The crypto market is showing resilience, with Ethereum leading the charge.

Data from IntoTheBlock reveals that Ethereum’s market cap has increased by 12% in the last 24 hours, reflecting renewed investor interest and capital inflows. On-chain indicators further support the bullish outlook, with the platform noting only modest resistance ahead. The largest concentration of potential selling pressure is near $1,860, a level that could be quickly surpassed if the current momentum persists.

While macroeconomic uncertainty remains a risk, Ethereum’s breakout above $1,800 and the relatively clear path to higher levels have traders optimistic. If Ethereum can maintain its strength and climb past $1,860, the next target could be above higher supply levels. With bullish energy building across the crypto market, Ethereum’s latest move could be the start of a much larger trend.

Ethereum is setting up for a significant move as price action shows clear strength emerging from low-demand zones. After weeks of choppy consolidation and bearish sentiment, the second-largest cryptocurrency by market cap is gaining momentum, hinting at a broader trend reversal. While global markets remain under pressure from rising geopolitical tensions, Ethereum and other altcoins are showing signs of decoupling from traditional financial markets.

This shift is encouraging investors who previously exited risk assets to re-enter with cautious optimism. Ethereum, in particular, is benefiting from renewed on-chain activity and increased buying pressure. According to IntoTheBlock, Ethereum has little standing in its way toward higher levels, with only modest resistance ahead. The largest potential sell wall has formed near the $1,860 mark, a key zone that could soon be tested.

If bulls manage to break through this resistance level, the path to the psychological $2,000 level becomes significantly clearer. Given the strength of the recent rally and improving market structure, such a move is well within reach. Momentum is building, and Ethereum is once again emerging as a leading asset in what could become the next leg of the crypto bull cycle.

Ethereum is currently trading at $1,800, showing strong momentum after breaking above both the 4-hour 200 MA and EMA for the first time since January. This technical breakout marks a shift in short-term trend structure, as bulls regain control of the market following weeks of bearish pressure. Now, the key challenge is holding the $1,750 level—precisely where both moving averages converge—making it a critical zone for confirming continued upside.

A decisive move above the $1,800 level would further validate the breakout and open the door for a test of the $2,000 psychological barrier. This would signal renewed market confidence and potentially trigger a wave of new buying interest. However, if Ethereum fails to maintain its position above $1,750 or faces resistance near $1,800, the asset could enter a consolidation phase. This would likely extend the current range-bound trading between $1,700 and $1,850, delaying any swift return to higher valuations.

For now, the technical setup is favorable. But the next few sessions will be crucial in determining whether Ethereum can maintain its gains and reclaim $2,000—or if it needs more time to build strength beneath that key resistance.