Ethereum (ETH) Building Bullish Momentum, Says Analyst

$ETH is paving the way upward, while getting support from technical indicators and broader market sentiment

Ethereum's upcoming resistance is a significant psychological threshold at $2,000. If this level is successfully breached, it could pave the way for further bullish momentum. However, market participants should stay alert, as reaching this critical level might provoke a correction.

Despite the potential for short-term volatility, the outlook for Ethereum remains optimistic. The analyst from Glassnode, which is known for a generally bullish stance, is also foreseeing a bright future for the asset. As Ethereum continues to innovate and expand its ecosystem, particularly with the upcoming Ethereum 2.0 upgrade, investors can expect to see exciting times ahead.

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