Ethereum Market Cap Soars 12%, Poised to Break $1,860 Resistance and Target $2,000

On April 23rd, recent analysis from COINOTAG highlighted a remarkable **12% increase** in **Ethereum’s market capitalization** within just 24 hours. This notable rise demonstrates strong performance dynamics in the ever-evolving **crypto market**. According to insights derived from **on-chain data**, there appears to be limited resistance surpassing the current price levels, indicating a potential for upward movement. Notably, substantial **selling pressure** is identified around the **$1,860** mark, which serves as a critical resistance threshold. Should Ethereum decisively break through this resistance, the probability of reaching the **$2,000 psychological barrier** would notably heighten. Investors and market analysts alike are keenly observing these developments, as they could signify a broader bullish trend in **cryptocurrency valuations**. This information underscores the importance of monitoring **market trends** and **price action** in the volatile landscape of cryptocurrency investments.