Following a week-long downtrend, Ethereum’s price has shown signs of recovery, surging 8% from last week’s lows. The positive movement comes alongside Bitcoin’s recent gains and a slight upswing in the crypto market overall. Experts attribute this resurgence to growing DeFi applications and increased institutional investment. However, lingering uncertainty stemming from political tensions and capital outflow could potentially hinder further growth. Ethereum currently trades near $1,908, representing a 3.7% increase within the last 24 hours. The token reached its high point of $1,922 before today’s price correction. Notably, trading volume has swelled to $15.11 billion with a market cap of $230.27 billion. analysts are optimistic about Ethereum’s future, predicting potential for growth towards the $2,100 mark. However, key resistance levels remain crucial at around $1,950-$1,970, where sellers may attempt to curb further gains. A break above these levels could pave the way for a sustained rally toward $2,050 and beyond. On the downside, Ethereum must hold above the $1,880 support level to maintain its current bullish momentum. If selling pressure intensifies, a retest of the $1,850 and even last week’s low at $1,700 could be possible. Ultimately, ETH’s future trajectory hinges on broader market sentiment and Bitcoin’s stability above $85,000. Additionally, investor confidence in Ethereum’s long-term prospects and the upcoming Pectra upgrade will significantly influence its performance.