**Ethereum Price: Is $2.7K the Next Target After 6% Daily Gain?**
Ethereum is making us nervous again! After a dip, ETH price is now starting to show signs of life. đ
**Technical Analysis**
- **Daily Chart:** ETH is consolidating between $2,100 and $2,700. Although the market structure is still bearish, there is hope that the price can return to $2,700.
- **4-Hour Chart:** The price bounced off the $2,100 support zone and is slowly rising. Momentum is still weak, but the bullish candle is getting stronger.
**Sentiment Analysis**
- **Ethereum Reserves on Exchanges:** Although the price is showing signs of a bottom, ETH reserves on exchanges are increasing, which could add to the selling pressure.
Is it time for ETH to fly to $2,700? Let's discuss in the comments column! đ
