Ethereum Breaks Key Resistance, Eyes Further Upside Potential

Within the past 24 hours, Ethereum has surpassed a significant hurdle in the $1,800 range, aided by buyer support, and has successfully reached the upper limit of its downward trending channel. The absence of a robust response to the channel's upper resistance suggests a potential for Ethereum to breach this level, akin to Bitcoin's trajectory. In the immediate term, Ethereum presents two additional resistance thresholds that are likely to attract the attention of short-term buyers. These levels are situated at $1,880 and a subsequent range spanning from $1,927 to $1,940. Notably, Ethereum finds crucial support in the vicinity of $1,697, which corresponds to the 4-hour 0 Fibonacci level.