$ETH has experienced a significant bounce, climbing over 4% to reach the $2,344 level. The recent slide below $2,200 was met with strong buying interest, suggesting a solid floor is forming around the $2,100 range. On the 4-hour chart, ETH is attempting to break above the 50-day moving average. If the price holds above $2,300, the next target for bulls will be the $2,500 resistance zone. Momentum is shifting back toward the upside, though the overall market sentiment remains cautious following recent institutional outflows.
ETHUSDT
Perp
2,262.96
-0.25%