$ETH Is Ethereum Ready to Reclaim $2,500? 🚀
Ethereum is showing signs of stability and a slight recovery after the massive "flash crash" over the weekend. The price is currently trading around $2,344, which is a nice jump of about 4% in the last 24 hours.
Current Market Situation:
Bouncing Back: After falling as low as $2,100 - $2,200 earlier this week, ETH is finally moving up again. This recovery is part of a broader market bounce where Bitcoin also steadied near $79,000.
Investor Interest: Even though the price dropped recently, big investors are still active. Analysts noticed that buyers are defending the lower price levels, preventing another big crash for now.
Caution Remains: Despite today's green candles, the market is still a bit nervous. Over the last 7 days, ETH is still down by about 20%, so it will take some time to fully recover.
Key Levels to Watch:
Resistance ($2,500 - $2,800): To truly turn "bullish" again, Ethereum needs to break back above $2,500. The next big goal after that is reclaiming the $2,800 mark.
Support ($2,200): If the price starts to slip again, $2,200 is the immediate safety floor. If it breaks that, it might test the $2,100 level.
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