Ethereum ($ETH) successfully defended the psychological $1,700 support level, reclaiming the $2,000 range. This move reignited bullish sentiment across the derivatives market. After weeks of capitulation fears following the post-ETF stagnation, the second-largest cryptocurrency is finally showing structural signs of a reversal. And with macroeconomic headwinds softening due to global rate cut expectations, the path of least resistance appears to be shifting upward
source: https://www.newsbtc.com/news/ethereum-price-prediction-2024-bmic-quantum-wallet/