ETH breached $1,900 for the first time in nearly 8 months

Ether has broken the $1,900 resistance level for the first time in months and is currently sitting above $1,912.

Ether price $1,912 has breached $1,900 for the first time in over seven months, a week before staking withdrawals are enabled in the next major update for the second-largest cryptocurrency by market capitalization.

CoinMarketCap data shows the last time Ether was over $1,900 was on Aug. 16, 2022.

The recent price increase could be driven by expectations that the Fed may ease up on its quantitative tightening efforts as rate increases cause cracks in the global banking industry, or by increased demand for Ether given that staking is slated to be more flexible.

Not only is ethereum rising but most cryptocurrencies(bitcoin and other crypto coins)percentages has been green and increase of price. Is this the beginning of bullrun or a bulltrap?