Ethereum Price Soars 10%: Crucial Levels To Watch

Ethereum’s value has surged by over 10% in the past 24 hours, reaching a high of $1,780. This significant price increase is driven by several factors, including notable growth in DeFi applications and increased interest from institutional investors. Notably, Ethereum briefly hit the $1,800 mark, a psychologically significant level for traders and investors alike. However, after this peak, ETH has experienced some pullback and currently trades just below the $1,800 range at $1,785.