$ETH Ethereum (ETH)
$2,440 approx.
Market Analysis: Ethereum has rebounded after recent selling pressure, but the short-term trend remains uncertain. Momentum is still weak, and buyers need to overcome nearby resistance to strengthen the recovery.
Support: $2,400–$2,405
Resistance: $2,495–$2,550
Bullish scenario: A sustained move above $2,495 could support further recovery.
Bearish scenario: A break below $2,400 could bring renewed selling pressure.
Conclusion: ETH is attempting to recover, but confirmation is needed before calling the trend bullish.#BitcoinShortTermHoldersReach4.08MBTC #BinanceExplorers #CryptoTrends2024
$2,440 approx.
Market Analysis: Ethereum has rebounded after recent selling pressure, but the short-term trend remains uncertain. Momentum is still weak, and buyers need to overcome nearby resistance to strengthen the recovery.
Support: $2,400–$2,405
Resistance: $2,495–$2,550
Bullish scenario: A sustained move above $2,495 could support further recovery.
Bearish scenario: A break below $2,400 could bring renewed selling pressure.
Conclusion: ETH is attempting to recover, but confirmation is needed before calling the trend bullish.#BitcoinShortTermHoldersReach4.08MBTC #BinanceExplorers #CryptoTrends2024