Ethereum has successfully reclaimed the $2,000 mark, igniting fresh enthusiasm among traders and investors. This resurgence follows a recent dip that brought the price close to $1,750, leading to significant liquidations from a prominent trading firm.
At present, Ethereum is trading at approximately $2,035.98, marking an increase of over 4.5% within the last 24 hours. This price point is now regarded as a short-term support zone for the digital asset. Analysts are closely monitoring the critical threshold of $2,100, which previously functioned as a support level during the second quarter of 2025. A successful breach above this resistance could pave the way for further price appreciation.
Market attention is firmly fixed on the $2,100 level. If Ethereum can not only breach this barrier but sustain its position above it, a potential upward trajectory may ensue. According to expert Ted Pillows, achieving this breakthrough is essential, as the level has transitioned from support to resistance.
Trading volumes have also seen a notable uptick, with Ethereum“s daily trading volume surpassing $46 billion. This surge in volume indicates a revitalized interest in the cryptocurrency following its recent recovery.
However, not all news surrounding Ethereum has been positive. Trend Research, a trading firm, recently reported a staggering $686 million loss due to the abrupt price decline. The firm had utilized ETH as collateral and borrowed stablecoins via Aave to establish a leveraged position valued at $2 billion. As the price of Ethereum plummeted, the value of the collateral diminished while the loan amount remained unchanged. This situation compelled the firm to liquidate a portion of its ETH holdings, resulting in the sale of 332,000 ETH on Binance to repay the loans. This large-scale liquidation likely intensified the downward pressure on Ethereum“s price.
As it stands, Ethereum“s recovery above the $2,000 level is being closely scrutinized as a potential indicator that the recent market bottom might hold. Traders will be vigilant to see if the cryptocurrency can maintain this crucial price level and push higher in the days ahead.
