ETH Defends $2.4K Support Despite Weakening US Buying Pressure: Ethereum Price Analysis
🔄 Ethereum is currently trading around $2.45K after a sharp decline below the $2.4K support, with buyers needing to hold this area for a broader recovery to be confirmed.
📉 The Coinbase Premium Index has hit its lowest negative reading in months, indicating weak demand from US investors despite Ethereum's recent price bounce.
📊 On the charts, Ethereum's price action is at a critical juncture; maintaining above $2.4K could lead to a rebound towards $2.6K, while a drop below $2.3K would signal a significant breakdown in its recovery structure.
🔄 Ethereum is currently trading around $2.45K after a sharp decline below the $2.4K support, with buyers needing to hold this area for a broader recovery to be confirmed.
📉 The Coinbase Premium Index has hit its lowest negative reading in months, indicating weak demand from US investors despite Ethereum's recent price bounce.
📊 On the charts, Ethereum's price action is at a critical juncture; maintaining above $2.4K could lead to a rebound towards $2.6K, while a drop below $2.3K would signal a significant breakdown in its recovery structure.