🔥 ETH Battles $2,800 Wall — Are the Bulls Finally Breaking Through?

The Ethereum market has dropped somewhat in the previous day as the crypto market responds to US-China trade discussions that may fail. Ethereum prices fell below $2,550 before rebounding in recent hours.

The renowned analyst notes that $2,800 is a key ETH price level independent of price direction. In the past, a decisive close above or below this zone has caused considerable price movement. After a protracted market slump that lowered prices to $1,400, prices reached $4,000 in late 2024.

Ethereum has been rejected at $2,800 once since the crypto market comeback started in April, showing strong selling pressure. Ethereum bulls are anticipated to attack this important resistance level again as the cryptocurrency recovered from its weekly drop. Daan Crypto advises investors to observe this price level since a breakthrough would suggest substantial price increases.

At least, the cryptocurrency may recapture the $4,000 bull market top.

In other developments, Sentora reported a 2.3% drop in weekly Ethereum network fees, indicating a drop in transaction counts and network activity. Despite the recent price drop, exchange net outflows of $516 million show that ETH investors are still positive as they shift their assets into private wallets.

Ethereum is now trading at $2,514, down 3.58% in the previous day. The monthly chart shows a 43.22% market increase, indicating a bullish trend. Ethereum is the second-largest cryptocurrency and altcoin with a $311.69 billion market value.

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