• Ethereum was up by more than 2% in the last 24 hours.
• Buying sentiment remained dominant in the derivatives market.

All eyes have been on Ethereum [ETH] as it managed to remain above the $1,900 mark for some time now. Adding to the excitement, new data revealed that ETH has managed to break a key resistance level which could initiate another rally in the days to follow.

Ethereum is breaking a key resistance barrier!

Ethereum has been exhibiting a promising performance over the week as its price remained above the $1,900 mark.

In fact, the token’s price surged by more than 4%. According to CoinMarketCap, in the last 24 hours alone, Ethereum’s value increased by over 2%.

At the time of writing, ETH was trading at $1,914.42 with a market capitalization of over $230 billion.

Thanks to this, Ethereum managed to break a key resistance level recently.

Caleb Franzen, the founder of Cubic Analytics, revealed that ETH finally managed to go above a level that it couldn’t surpass on quite a few occasions earlier.

Better news: $ETH is breaking through resistance. https://t.co/6zTeOTTxwC pic.twitter.com/CQljXcMb37

— Caleb Franzen (@CalebFranzen) November 9, 2023

When AMBCrypto checked ET

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Author: Dipayan Mitra

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