$ETH
Ethereum Price Holds Above $2,000—Is the Market Heating Up Again?
After weeks of pressure, Ethereum has finally stabilized above $2,000. What matters isn't just the price rebound, but the price action Ethereum has defended its lows, reclaimed key structures, and is now forming higher lows on higher timeframes
On-chain data provides further context Exchange reserves are nearing multi-year lows, indicating reduced seller supply, while ETF-related outflows have begun to slow. This doesn't guarantee an uptrend, but it does shift the supply-demand balance
Traders are now closely watching the $2,800 to $2,850 zone. A decisive break and consolidation above this area could trigger momentum-driven buying and short covering, potentially opening the path to $3,000. Until then, consolidation remains the primary expectation.
Capital rotation is also noteworthy. During economic recovery phases, risk appetite often spills over into high-beta infrastructure investments like Ethereum. Some traders are positioning ahead of this scenario rather than directly chasing Ethereum's strength
This does not confirm a new bull market, but structurally, Ethereum is no longer weak Currently, $2,000 is the key price level.