Ethereum Price Jumps 3% as Buyers Target Resistance Level

Ethereum's price has jumped by 3% over the last 24 hours, reaching $1,786.41 as of Saturday.

This increase in value is due to a combination of increased buying pressure and better technical signals.

A prominent crypto analyst, More Crypto Online, believes that Ethereum is nearing its first major level of resistance, which it must clear in order to continue its upward trend.

The Bollinger Bands suggest that ETH has risen above the middle band and is heading towards the upper band, indicating increased buying power.

However, if the buyers are unable to breach the resistance level along with significant volume, Ethereum may head into another phase of consolidation.