Ethereum Blasts Past $2,000, But Is a Cool-Off Coming?

The move came with strong momentum and a steep price trajectory, as seen in the latest chart data, but traders are already preparing for a potential short-term cool-off.

Crypto analyst Daan Crypto Trades noted a sharp acceleration and significant increase in open interest, suggesting heightened speculation.

“Would not be surprised to see this cool off a bit,” he added, citing the broader context of resistance levels in BTC, ETH/BTC, and traditional markets.

Still, Daan remains bullish in the long term: “Good to see my ETH bag finally doing something.”

While Ethereum’s spot price remains above $2,040, a near-term correction could offer new buying opportunities on larger pullbacks—especially if broader market conditions stabilize.

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