Ethereum Surges Above $1,900 as Undervaluation Sparks Bullish Outlook

Ethereum has surpassed the $1,900 mark, breaking a significant resistance level of $1,850. This breakthrough indicates potential for a bullish trend as market sentiment shifts.

CryptoQuant data shows Ethereum is undervalued compared to Bitcoin, the first occurrence since 2019.
Historically, such undervaluation has preceded periods of strong Ethereum performance.
Traders are monitoring for movement towards the $2,000 level, which could confirm a technical breakout.
Ongoing geopolitical tensions and high interest rates may pose risks to sustained momentum.

Currently, Ethereum is trading at $1,933 after a notable surge from around $1,850, marking its highest price since early April. The price has broken above both the 200-period EMA ($1,791) and SMA ($1,700), transforming these levels into potential support.

To confirm this upward trend, Ethereum must maintain prices above $1,900–$1,920.
A move above $2,000 would validate the bullish structure and target higher prices.

The current technical setup indicates a decisive breakout supported by volume and market structure. Continued control by bulls and stable macro conditions could lead to further upward movement in the coming days.