#ethdropsbelow2400usdt
ETH bounced off $2400: false breakout or the start of a recovery?
Ether briefly dipped below the psychological $2400 mark, but buyers quickly pushed the price back into the $2430–$2450 range. This move shows that there is demand at current levels, and that the panic was driven more by short-term liquidations than by a fundamental trend reversal.
The key question now is: will ETH hold above $2400 in the coming hours? If so, this could form a base for a bounce toward resistance at $2500. If not, the risk of another test of the lows remains.
Watching volume.
$ETH
ETH bounced off $2400: false breakout or the start of a recovery?
Ether briefly dipped below the psychological $2400 mark, but buyers quickly pushed the price back into the $2430–$2450 range. This move shows that there is demand at current levels, and that the panic was driven more by short-term liquidations than by a fundamental trend reversal.
The key question now is: will ETH hold above $2400 in the coming hours? If so, this could form a base for a bounce toward resistance at $2500. If not, the risk of another test of the lows remains.
Watching volume.
$ETH