The factors behind Ethereum’s recent surge above 2,000 USD

Ethereum’s price jumped to 2,047 USD after a 7% increase, moving above the previous struggle under 2,000 USD throughout 2026. This reversal aligns with a shift in capital flows, suggesting changing investor sentiment.

With 893 million USD in Ethereum options set to expire soon, alongside a Max Pain level at 2,200 USD, traders are anticipating upward pressure on prices. The current Put-to-Call ratio of 0.78 further indicates possible bullish sentiment.

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