Ethereum's price has been on a steady rise, breaking above the critical $2,320 realized price threshold. This milestone marks a pivotal shift, bringing average investors back into positive territory.
The cryptocurrency peaked at $2,398 before experiencing a minor retracement to approximately $2,376, representing a 2.2% increase over the previous 24-hour period with trading volume reaching $24.23 billion.
Technical analysts have identified a bull flag formation on daily timeframes, projecting a price objective of $3,018. A confirmed daily candle closure above the critical juncture would activate this calculated price target.