🚀 The crypto market just experienced a sudden surge, including Ethereum which soared significantly! But be careful, the price is approaching an important resistance level and could be rejected 😱

Here are the important points:

- Ethereum is consolidating at the $1.6K support level

- Price surged towards the 100 and 200 day moving averages at $1765 and $1805

- If the price is rejected, it could experience another decline to the $1.6K level

- If it succeeds in rising, it could revive bullish sentiment

💬 Let's discuss in the comments column, will Ethereum continue to soar or experience rejection at this resistance level?