As the weekend approaches, Ethereum (ETH) is aiming to break above $2,000. While other cryptocurrencies are witnessing gains, ETH remains behind.
Recent ETH Price Fluctuations
Earlier this week, the price of ETH dropped from $2,130 to $1,788, marking a 16% decrease. Throughout the week, it has traded within the $1,800 to $1,900 range.
Impact of Market Dynamics on ETH
Recently, Ethereum has lost its position as the leading smart contract platform due to the emergence of cheaper alternatives, impacting its price.
Weekend Forecast and Expectations
Traders are predicting that ETH could cross $2,000 ahead of the weekend, with a stronger bounce expected when trading opens on Monday. Key levels of support at $1,820 and resistance at $2,000 are crucial for price movements.
While it is uncertain if ETH will hit $2,000 over the weekend, the potential for long-term growth remains due to ongoing upgrades and attempts to meet market demands.
