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Ethereum price surges past $1,800 as analysts forecast a breakout above $2,000 and a push toward new all-time highs.
Ethereum has stabilized after a long period of falling prices. Over the past week, it has bounced back from an important support level around $1,550 and risen above $1,800, leading to discussions about a bigger recovery.
Bullish Divergence Signals Growing Strength
A well-known analyst, Crypto Feras, has noticed a rare sign of potential growth in Ethereum on its higher timeframes. He pointed out that this is the first time in almost three years that ETH has shown a hopeful signal while in the oversold area on the 3-day chart.
He mentioned that if Ethereum keeps its current trend, it could reach a price between $2,000 and $2,150 in the short to mid-term. The market responds well, showing a slow change from a negative outlook to a more hopeful one.
Beyond technicals, there are clear signs of renewed interest from large companies in Ethereum. Fidelity, an investment firm, recently announced it has invested $253.8 million in ETH. This kind of activity from big investors often helps boost the market, especially for leading digital assets like Ethereum.
