Ethereum bulls can force a rally to $2000, but

Ethereum bulls were able to defend the $1880 zone upon a retest and the prices climbed back above $1900 at the time of writing, but buyers should be wary of the lack of demand behind ETH recently.

Timeline of Ethereum

The cryptocurrency markets are currently experiencing a bearish sentiment, but amidst this downturn, there are some encouraging signs for altcoins, as highlighted by analyst Michael Van de Poppe in a recent YouTube video.

Ethereum Price Analysis: By the press time, the Ethereum price traded at the $1905 mark with an intraday day of 0.7%. The daily chart shows the buyers facing a minor hurdle at the local top $1922 formed during the breakout of the wedge pattern.

A large entity has struck down the price of the Ethereum (ETH)-based indexing protocol The Graph (GRT), according to crypto analytics firm Santiment. Santiment says that a whale, likely a crypto exchange, disposed of over $55 million worth of GRT, and the price has been down ever since.

Ethereum, the second-largest cryptocurrency by market cap, has recently experienced a moderate price jump of 5% within the past week. However, this price movement is coinciding with a significant amount of profit-taking transactions among traders.

Crypto News: The crypto industry has been witnessing a significant surge in Layer 2 blockchains, along with a flurry of developments built on top of them. Anthony Sassano, a well-known Ethereum advocate and founder of an Ethereum-focused media channel, has recently shed light on the upcoming technical advancements within the Layer 2 ecosystem over the

Ever since the Shapella upgrade, it appears more institutions are interested in Ethereum. Ethereum Is Getting Way More Attention Ethereum is the world's second largest digital currency by market cap and the primary competitor to bitcoin.

Ethereum staking increased significantly after the Shanghai upgrade on April 12, with deposits outpacing withdrawals. According to Etherscan, ETH staking deposits on the Beacon Chain reached another all-time high, with 24.17 million ETH worth $46.03 billion at a price of $1903 as of June 3.

On June 2nd, the Ethereum price formed a bullish morning star candle at the recently breached resistance trendline, indicating that the buyers are sustaining at higher chart levels. The trendline which previously acted as a dynamic resistance now offers suitable support suggesting the market sentiment shifting from selling on rallies to buying on dips.

Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, “TRON has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge.

Justin Sun confirmed on Twitter on Friday that TRON's TRX has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge. TRON's TRX is currently trading at $0.08388, nearly 10% up in the last 24 hrs.