Ethereum pushed past the $1,850 mark on Wednesday, gaining more than 5% in the past day, as the Ethereum Foundation spun out its Institutional Privacy Task Force into a new entity called EthSystems. The move signals a push to offer confidentiality solutions for institutions building on Ethereum, while the asset itself tests a key resistance zone.
Ethereum clears key resistance zone
ETH broke above the $1,845 to $1,865 resistance area that had capped upside for weeks. The breakout came on rising volume — 24-hour trading volume is approaching $14 billion. The next major hurdle sits between $1,975 and $2,000, a level that has acted as both psychological resistance and a technical ceiling since early June.
The bullish case holds as long as Ethereum stays above the former resistance zone, now acting as support. A close below $1,750 to $1,770 would weaken the outlook, opening the door to $1,620 and then $1,530. For now, the base case is a rejection near $1,975 to $2,000, followed by profit-taking and a pullback toward support.
EthSystems goes independent
The Ethereum Foundation quietly turned its Institutional Privacy Task Force into a standalone company called EthSystems. The new entity will build technology and consulting services for institutions that need transaction confidentiality on Ethereum — a growing demand as traditional finance explores public blockchains.
EthSystems was previously an internal team within the foundation. By spinning it out, the foundation gives the project more operational flexibility and a clearer commercial mandate. No financial terms of the spinout were disclosed.
Ethereum still trades about 62% below its all-time high above $4,950. The $2,000 level is the immediate target, but traders are watching whether the rally can sustain above $1,865. If the price fails to break $2,000, a retest of the $1,845 to $1,865 support zone is likely. A deeper drop below $1,750 would shift the narrative back to bearish.
LiquidChain presale passes $900K
Separately, LiquidChain, a Layer 3 infrastructure project building a unified cross-chain liquidity layer across Bitcoin, Ethereum, and Solana, has raised $900,000 in its presale. Tokens are currently priced at $0.0148. The project aims to solve fragmentation in decentralized liquidity by aggregating assets from multiple chains.
Ethereum's next test comes at the $1,975 to $2,000 zone. If it fails there, expect a pullback. If it breaks through, the rally could extend further. LiquidChain's presale remains open.
