Ethereum has crossed the $2,000 mark, marking a significant step in its market performance. The $2,400 resistance may be the next stage for growth.
Current Price and Potential Growth of Ethereum
At the time of writing, Ethereum is trading at $2,030.28, reflecting steady growth. Investors and analysts are watching to see if the cryptocurrency can surpass the $2,400 resistance, potentially marking the start of a new growth phase.
Distribution of Ethereum Addresses
31.56% of all Ethereum addresses are 'In The Money', having purchased coins at an average of $1,953.35. In contrast, 65.08% are 'Out Of The Money', having bought at higher levels.
Impact of $2400 on Market Sentiment
The $2,400 level is seen as key for further Ethereum growth. Successfully crossing this mark could strengthen market confidence and support further price increases.
Breaking the $2,400 level could be a significant technical achievement for Ethereum, reinforcing optimism and attracting new investors.
