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Ethereum jumps 18%, breaks $2,003 resistance with strong volume, eyes $2,636 next resistance zone.

Technical Signals
20 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Ethereum surged 18% in 24 hours, breaking through the $2,003 resistance level with a 402% increase in trading volume, signaling strong buying momentum. The price now faces a key resistance zone between $2,431 and $2,500, where sellers previously defended supply, making sustained volume crucial to maintain the rally. Aggressive buying is competing with $98 million in short positions held by whales, which could either fuel further gains if shorts are squeezed or stall the rally if sellers absorb the pressure. If Ethereum holds above $2,500, the next target is around $2,636, but failure to clear the current resistance could weaken the breakout despite high volume.

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