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Ethereum Reclaims $2,700 — Relief Rally or Temporary Bounce?
Ethereum (ETH) has climbed back above $2,700, posting a 6.23% gain on the day (ETHUSDT Perpetual: $2,778.35). While the move has sparked renewed optimism, it’s important to maintain perspective.
📉 ETH remains down over 45% from its all-time high, and a single bullish day does not confirm a full trend reversal.
🔎 Key Resistance to Watch:
A meaningful breakout above $3,500 would offer stronger confirmation of a sustained upward trend.
Until then, this may still be a relief rally — not the start of a new bull cycle.
#Ethereum #ETH #CryptoMarkets #TechnicalAnalysis #MarketUpdate #TradingStrategy #CryptoInvesting
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