Ethereum's price has stabilized around $2,500 after a sharp test of demand near $2,400.
Source
"Ethereum Price Analysis: ETH Support Zone Tested" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
Buyers have defended recent lows, but the recovery remains below key resistance, leaving the market in a precarious position.
On the daily chart, Ethereum remains within its ascending channel, with the upper boundary near $2,900.
A loss of $2,500 support could push Ethereum prices into uncharted territory, with potential consequences for market sentiment and investor confidence.
ETH · 7D · $2,364−7.1%