ETH bounced from $2,400: false breakout or the start of a recovery?
Ether briefly fell below the psychological $2,400 level, but buyers quickly recovered the price and pushed it back into the $2,430–$2,450 zone. 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 break in the trend.
The key question now is: will ETH stay above $2,400 over the next few hours? If so, this could provide a basis for a bounce toward the $2,500 resistance. Otherwise, the risk of retesting the lows remains.
We’re keeping an eye on volumes.
$ETH
Ether briefly fell below the psychological $2,400 level, but buyers quickly recovered the price and pushed it back into the $2,430–$2,450 zone. 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 break in the trend.
The key question now is: will ETH stay above $2,400 over the next few hours? If so, this could provide a basis for a bounce toward the $2,500 resistance. Otherwise, the risk of retesting the lows remains.
We’re keeping an eye on volumes.
$ETH