🚀Ethereum (ETH) is up about 35% so far in 2023, but multiple attempts to break through the psychological resistance level of $2,000 have been met with bearish rejections. 😅What are the reasons that prevent Ethereum from breaking through this barrier?

🧐First, Ethereum price depicts a bear market cycle fractal, similar to the bearish rejection near $425 in 2018-2019. Secondly, a stronger US dollar dampened demand for Ethereum, reducing its ability to close above $2,000. 📉In addition, Ethereum network activity declined and the total value locked (TVL) dropped from 18.41 million ETH to 12.79 million ETH, resulting in a decrease in investor yields. 😢

🎤How do you think Ethereum will perform in the future? Feel free to speak freely in the comment area!