Ethereum recently rebounded alongside the broader market following a ceasefire between Israel and Iran. As a result, ETH recovered the support level we’ve been monitoring at $2,430, driven by renewed buying interest.

Currently, ETH is trading sideways above the $2,430 support, but ongoing pressure is making it difficult to break into the $2,500 region. If ETH manages to secure daily closes above $2,500, this could open the door for a move towards $2,700. The resistance at $2,730 has remained unbroken since May. A high-volume breakout above this level could trigger a rally towards the $3,000–3,400 range.

However, if ETH—already under pressure—falls below the $2,430 support without any shock developments, we could see an increase in selling pressure. If that happens, and ETH dips below the 3-month EMA at $2,380, the likelihood of a move towards $2,000 increases significantly.#ETH/USDT⚡️⚡️