Ethereum Hits $2,000 But ETH Derivatives Data Suggests A quick End to the Rally

The world’s second-largest cryptocurrency Ethereum (ETH) has shot up another 5% in the last 24 hours hitting $2,000 levels for the first time since May 2022. The Ether (ETH) price has been rallying hard since the beginning of July and has gained nearly 100% over the last 40 days.