The cryptocurrency market has experienced a sudden surge in different assets, including Ethereum. However, as the price approaches a significant resistance level, there is a possibility of rejection. According to technical analysis, Ethereum has significant resistance levels at $1765 and $1805, which are the 100- and 200-day moving averages. A rejection of the price in this range could signal a valid pullback and lead to another decline towards the $1.6K support level. On the other hand, if Ethereum buyers successfully push the price above this critical zone, the bullish trend could revive and pave the way for further market cap increases. 📈🚀