Price Prediction
Ethereum Reclaims $2.5K Crucial for Bulls
Ethereum (ETH) is currently trading below $2.4K after facing resistance at the $2.5K level. A daily close above $2.5K is crucial for bulls to confirm a potential recovery towards $2.8K. Failure to do so may lead to further declines towards $2.2K and $2K support levels. The Coinbase Premium Index shows signs of recovery but remains negative, indicating weak US demand for Ethereum.