Ethereum Flips Strong Resistance Levels as Price Eyes $2,000-Retest

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Ethereum (ETH/USD) looks poised to pursue a bull run towards $2,000 after flipping key resistance levels into interim supports.
More tailwinds come from Citi and Goldman Sachs’s latest endorsements for the cryptocurrency sector.
Volatility in the US government bond market continues to pose risks to rally.
Ethereum prices surged on Wednesday, turning a sequence of crucial resistance levels into supports as bulls eyed an extended run-up to $2,000.

The second-largest cryptocurrency after Bitcoin broke above $1,475, a level that capped ETH/USD from extending its uptrend all across January. While the pair did break above the price ceiling in February, flipping it into a support zone, Ethereum topped out above $2,000 and crashed below $1,475 in an imminent downside correction that followed later. source link