Ethereum ($ETH) surged above the $2,000 threshold today, sparking optimism across the crypto market.
The move came with strong momentum and a steep price trajectory, as seen in the latest chart data, but traders are already preparing for a potential short-term cool-off.
Crypto analyst Daan Crypto Trades noted a sharp acceleration and significant increase in open interest, suggesting heightened speculation.
“Would not be surprised to see this cool off a bit,” he added, citing the broader context of resistance levels in BTC, ETH/BTC, and traditional markets.
Still, Daan remains bullish in the long term: “Good to see my ETH bag finally doing something.”
While Ethereum’s spot price remains above $2,040, a near-term correction could offer new buying opportunities on larger pullbacks—especially if broader market conditions stabilize.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-blasts-past-2000-but-is-a-cool-off-coming/