🔥Ethereum Price Rebounds to $2,500! Could the Recovery Lose Momentum??

ETH saw a notable rebound after dropping below the $2,500 support. A low point was hit at $2,122 before bullish momentum returned.

🔼 The price initiated a recovery, climbing past the $2,386 mark and breaking through the 23.6% Fibonacci retracement level of the fall from $3,395 to $2,122.

⁉️ At present, Ethereum is trading under $2,550 and EMA89. On the higher side, it faces obstacles around $2,600. If Ethereum fails to break the $2,600 resistance, it might decline again, with initial support near $2,365. A clear move below $2,250 could push the price towards $2,050 or even lower.

✅ MACD is bullish, RSI is above 50.

✅ Support: $2,365, $2,250

✅ Resistance: $2,550, $2,600

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