According to Pentoshi, Ethereum (ETH) has reclaimed a significant high time frame support and surpassed its 200-day moving average, signaling renewed bullish momentum. As cited by Pentoshi on Twitter, ETH's price was quickly bought back after a recent dip and with four hours left until the daily close, a short-term move to $2800 appears highly probable.
Dips in ETH are currently being viewed as potential buying opportunities for traders, reinforcing a positive near-term outlook for crypto market participants.
