Ethereum Jumps To $2,000 Amid Market Surge – Analyst Says This Resistance Is Next

Quick Summary:

After soaring over 10% on Wednesday, Ethereum (ETH) has jumped past the $2,000 mark for the first time since March, leading some analysts to suggest that the second-largest crypto could reclaim its macro range in the coming days.

He also suggested that investors should be prepared for a big price move, as this performance "generally ends in violent fashion with a big wick towards the upside before cooling off.” Ali Martinez highlighted that the key supply barrier for the cryptocurrency sits at around $2,380, where 12.72 million addresses bought 69.6 million ETH.

After the price jump, the analyst explained that ETH must turn the $1,930 level into support to avoid an upside wick and rejection, and confirm a breakout toward the $2,200 area.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: ETH Crypto Market Recovery Ethereum ETH/BTC Crypto trader Ethereum US President Crypto market correction ETHUSDT Crypto analyst Donald Trump Ethereum price Ethereum Breakout Crypto Bull Run 2025

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 11:00:38 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 545 words

Reading Time: 4 minutes read

Sentences: 79 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 28513530

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