$ETH US stocks open higher, boosting risk appetite; ETH returns above $2,450

On Thursday, the three major US stock indices opened higher across the board. The Nasdaq rose 1.43%, and the S&P 500 gained 1.2%. A recovery in risk appetite helped drive a rebound in the crypto market.

ETH is currently trading around $2,452, up 1.86% over the past 24 hours. Bitcoin is up 1.28% and broke above $76,000, showing relatively stronger performance.

Sentiment has not turned overly euphoric. The Crypto Fear & Greed Index has fallen to 50, staying in the neutral range—slightly lower than yesterday—suggesting this rally is more of a technical rebound following the Fed’s rate hike landing, rather than a trend-setting long signal.

On the charts, ETH has bottomed and rebounded. In the near term, resistance lies around $2,450 to $2,460. Whether it can hold this range depends on whether subsequent volume can support the move and on the persistence of risk appetite.

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