$ETH /USDT Reclaims Strength – Bulls Drive Momentum Higher
Ethereum is once again displaying strong bullish behavior. After dipping to a 24-hour low of $2,468.56, ETH rebounded sharply, reaching a high of $2,550.34 and now consolidating near $2,540.40. This clean recovery confirms that bullish momentum is gaining traction.
Market Snapshot:
• Current Price: $2,540.40
• 24h High: $2,550.34
• 24h Low: $2,468.56
• Volume (ETH): 293,824.75
• Volume (USDT): $738.59M
On the 15-minute chart, ETH shows a classic V-shaped recovery. After a sharp drop, it not only held support but turned it into a launchpad for continued gains, backed by strong volume and consistent bullish candles.
Why It Matters:
Ethereum didn’t just recover — it signaled mid-cycle strength often seen in previous bull runs. Momentum is building, and buyer confidence is returning. Traders who entered near the $2,470–$2,490 range are now seeing meaningful gains.
Key Levels to Watch:
• Holding above $2,530 keeps bulls in control
• Resistance zone to watch: $2,565–$2,590
• Pullback to $2,515–$2,520 may offer new long opportunities
Conclusion:
Ethereum has reasserted its position with conviction. The move is a clear signal that bulls remain active, and the market may be setting up for a larger breakout.
#Ethereum #CryptoMarket #ETHUSDT #TechnicalAnalysis #BullishTrend