$ETH Market Update – Are the Bears Losing Control?
Following a dip to $2,348, #Ethereum has staged a strong rebound, now trading above $2,405. This upward move from the intraday low signals that the persistent bearish pressure may be easing. Once again, the $2,350 level has proven to be a solid support zone, indicating renewed buying interest at this range.
To confirm a trend reversal, ETH needs to sustain levels above $2,400 and reclaim $2,450 in the near term. Trading volume is gradually increasing, and short-term price action is turning bullish—laying the groundwork for a possible move higher. If bullish momentum continues, a retest of the $2,500 level could be on the horizon. However, a drop back below $2,350 would warrant caution.
Stay alert—this could mark a critical shift in direction.
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