Ethereum $ETH is trading at $2,504.20, demonstrating a mild near-term bullish recovery after surviving a sharp volatility spike triggered by liquidations in global equity markets.

Key Resistance: ETH is currently facing immediate horizontal resistance at $2,548. A decisive breakout above this zone—and the 20-day EMA at $2,578—could quickly pave the way for a rally toward $2,700.

Crucial Support: Solid downside protection sits at $2,413, followed by strong structural support at $2,355. As long as buyers defend the psychological $2,400 mark, the market's recovery structure remains intact.

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