The second-largest cryptocurrency, Ethereum, experienced a breakout, reaching a price above $1,800 and ending a prolonged downtrend. This breakout was the first significant movement above a trendline that had been present since April. The breakout was accompanied by increased trading volume, indicating the potential for a major rally. However, caution is advised as the Relative Strength Index (RSI) suggests a possible pullback. Additionally, the article mentions the upcoming Dencun upgrade, which follows the Shapella upgrade that allowed investors to withdraw staked Ether.
AI Sentiment: Neutral
