Ethereum has surged impressively, approaching a critical resistance level around $1.8K, although it is showing signs of losing momentum. Despite the recent increase, there exists a bearish divergence suggesting that Ethereum could undergo a corrective phase in the short term. Traders should be cautious as this pivotal moment could lead to either a rally toward $2K or a consolidation phase. Understanding market dynamics around Ethereum will be crucial as investors assess the asset’s next moves.