Ethereum has recorded a large upwards movement in the last month following the announcement made about the Merge. A more definite launch time in September has seen the market rally around the altcoin, causing it to surge drastically. With each day, the Merge draws closer, and Ethereum tests another technical level. This time around, the cryptocurrency has set its sight on the $2,000 level as it continues to trade in the green. Will ETH Reach $2,000? Ethereum’s most recent break above the $1,900 level has laid the foundation for a larger bounce upward. This time around, ETH is looking towards the important technical level of $2,000, where the bears have now begun to make their stand. Related Reading: Recovery Market Sentiment Sees Investors Take More Risk With Altcoins However, despite the mounting resistance, the accumulation trend in ETH has provided strong momentum for it. The last 30 days alone have seen the digital asset add more than 50% to its value, but bulls are not satisfied with this. Data shows that Ethereum whales have been taking advantage of the low prices and upping their investments. A single whale had bought approximately $1.7 billion in ETH futures in the past weeks, and others have rocked to follow suit. ETH jumps above $1,900 | Source: ETHUSD on TradingView.com Exchange net flows also show a similar accumulation rend where investors look to be moving out their ETH from centralized exchanges. In the las...
