🔥 ETHEREUM IS TRYING TO RECOVER BUT RESISTANCE IS CLOSE
Ethereum is trading around $2,463 after bouncing strongly from the $2,405 area. Buyers have recovered some of the recent losses, but ETH is now approaching a zone where sellers could step back in.
On the 1H chart, ETH is holding above the MA(25) around $2,456, while the MA(99) near $2,478 remains overhead. This makes the $2,477–$2,485 area an important test for the recovery.
📈 A clean reclaim above that zone could strengthen the short-term bullish momentum and bring $2,500+ back into focus.
But if ETH gets rejected and loses the $2,450–$2,455 area, the recovery could weaken and price may retest lower support.
Right now, ETH is at a decision point: can buyers turn this bounce into a real recovery, or is this just another relief move?
Not financial advice. Trade responsibly.
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