Ethereum (ETH) Is About to Break a Key Barrier: Good News for All Altcoins?

July was quite successful for the second-largest cryptocurrency, with its price rebounding by 18.5%.

Many market observers expect much stronger upside ahead, with that progress potentially spilling over into the broader altcoin sector.

ETH’s Next Targets

The cryptocurrency made several attempts last month to reach the $2,000 psychological level but couldn’t succeed and currently trades at around $1,850. X user Ted paid special attention to that level, predicting a pump to $2K if that zone holds.

“Spot buying is happening, which is a good sign,” he added.

Michael van de Poppe shared a similar thesis. He assumed that holding $1,800 could lead to breaking the $2,000 barrier, and after that “it’s a fast run to $2,300 and higher.”

For their part, Celal Kucuker argued that ETH has “one of the strongest charts” the analyst has ever seen, envisioning an explosion to as high as $13,000 in 2026-2027. Rising to such a peak seems rather implausible considering the persistent bear market and the current prices, but crypto has surprised the community many times throughout its history.

… Continue reading the full article at the original source below.