$ETH Ethereum’s bearish net might block the emergence of bulls in the market. A steady jump above 2.6K USD could help the recovery faster.

In the early hours, ETH has visited its daily low of 2,482 USD. Later, the flash of bulls sent the price toward the high of 2,616 USD.

At the time of writing, Ethereum traded within the 2,562 USD range, with a market cap of 309 billion USD.

Notably, its daily trading volume has dropped by 1.27%, reaching 24.18 billion USD. Moreover, the market has witnessed a liquidation of 103.94 million USD worth of ETH, as per Coinglass data.