$ETH is on the move again! 📈📈🔥 #Ethereum's price action is looking strong, with a V-shaped recovery on the 15-minute chart. Here's the latest ¹:
- *Current Price*: $2,544.03 (slightly different from the $2,540.40 reported earlier, but still cruising)
- *24h High*: $2,550.34
- *24h Low*: $2,468.56
- *Volume (ETH)*: Significant trading activity with 293,824.75 ETH traded
- *Volume (USDT)*: $738.59 million in USDT volume indicates strong market participation
*What's Driving the Rally?*
The bounce back is driven by solid volume and consecutive bullish candles, showcasing renewed confidence in the market. Ethereum's price action mirrors mid-cycle strength seen in past bull runs, with momentum accelerating.
*Key Levels to Watch*
- *Support*: Holding above $2,530 is crucial for bulls to maintain control
- *Resistance*: Next breakout zone to watch is $2,565 – $2,590
- *Fresh Entry*: A retest of $2,515–$2,520 could offer a good entry point before the next push higher
*Market Sentiment*
The Fear & Greed Index is currently at 56, indicating greed in the market. Ethereum's price has increased 38.16% in the last month, outperforming many other assets ².
With momentum back on their side, bulls might be gearing up for a bigger breakout. Are you ready to ride the trend?