#Ethereum Ethereum (CRYPTO: ETH) is currently trading at $2,653, representing a 0.82% increase over 24 hours. The day's price range saw lows of $2,446.5 and peaks near $2,593.17. The slowdown in momentum comes despite bullish fundamentals such as the approach of the median of the Gaussian channel and an institutional influx of $115 million.

The price of Ethereum is stagnating, signaling a critical moment for traders. According to an article on X, formerly Twitter, Michael Van De Poppe, a crypto analyst, highlighted that Ethereum is in a crucial support zone. If Ethereum manages to hold at this level, a rally towards the $3,000 mark could be on the horizon.