An Ethereum [ETH] breakout past $1800 will remain unlikely until

Ethereum ETH made enormous gains on the price charts over the past ten days and surged from $1380 as high as $1840. This measured over 30%, and the higher timeframe bias was bullish.

Timeline of Ethereum

Ethereum's price is showing a very bullish signal right now, with a couple of key resistance levels getting broken to the upside. If the breakout is valid, things could look much better for the crypto market in the coming months.

The latest Ethereum price analysis confirms that the price has been on a steady uptrend for the past few hours, spiking up to the $1,836 level. However, despite this minor setback, the Ethereum price analysis shows that bulls have not given up and have started to gain more control of the market.

A combination of bugs and human error has resulted in the loss of more than $1.15 billion worth of Ethereum (CRYPTO: ETH), according to research conducted by Conor Grogan, who is the director of product strategy and business operations at Coinbase Global Inc. (NASDAQ: COIN). Grogan categorized thousands of instances of Ethereum typos, user errors and buggy contracts, and so far, he found 636,000 ETH worth $1.15 billion-plus that are lost forever, which makes up 0.5% of all circulating supply.

Web3 gaming company Immutable has entered into a strategic alliance with Layer-2 blockchain platform Polygon to work on a project that will onboard more gamers and developers into the Web3 space.  Strategic Alliance Between Competing Networks The strategic partnership between the two leading companies in the blockchain space is focused on creating a new Ethereum scaling network to pair the upcoming Polygon zkEVM with the Immutable platform designed for web3 games.

Bitcoin (CRYPTO: BTC) traded slightly lower, but the cryptocurrency prices traded above the key $28,000 level on Tuesday. Ethereum (CRYPTO: ETH), meanwhile, moved higher, trading above the $1,800 mark this morning.

The second-largest crypto asset by market cap, Ethereum (ETH), has more upside potential, according to analytics platform Santiment. The crypto analytics firm says that Ethereum is likely to soar above the $2,000 price after hitting a high last reached seven months ago over the weekend. “Ethereum's price hadn't eclipsed $1,840 since August 18th.

Very positive crypto news for the blockchain industry: the market capitalization of Lido's staked Ether has increased to $10.3 billion, with the cryptocurrency posting significant gains over the past week and Ethereum's price up 11.9%.

With the crypto market rally slowing down already, digital assets in the space such as Ethereum (ETH) are already recording a decline in their prices. The second-largest cryptocurrency by market cap has closely followed the downtrend started by Bitcoin, falling once more to the $1,700 level.

More than $1 billion of ether (ETH) has been permanently lost due to software bugs and human error. The revelation comes from a study by Conor Grogan, Coinbase's director of product strategy and business operations.

On March 20, Euler Finance hacker sent a message to an Ethereum (ETH) address associated with the DeFi platform. In response, Euler issued an on-chain ultimatum demanding the return of the funds.