Ethereum trading volume has surged 60% in the past 24 hours.
Technical analysis shows that $1,906 resistance may lead to a $2,000 test.
Ethereum, the second-largest cryptocurrency by market capitalization, has made notable moves in October. The currency reached a seven-month low of $1,521 mid-week but managed to hit a two-month high of $1,865 by breaking through the $1,700 resistance level at the end week. This two-month high was achieved four days ago and is a result of the bullish momentum that started last week.
Despite high volatility in ETH’s price, last week bulls made waves, driven by the anticipation of potential ETF approvals and the recent surge in the broader cryptocurrency market, with Bitcoin surpassing $35,000. As of the latest data, ETH is trading at $1,803.18, showing a modest increase of 1.05% in the past 24 hours.
During this same period, the trading volume has seen a substantial increase of 60.39% over the past 24 hours, totaling $7 billion. Additionally, recent da
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