Price Prediction
Ethereum Price Analysis: ETH Must Reclaim These Levels to Reverse Bearish Momentum
Ethereum is trading around $2.25K and currently defending the critical $2.2K support level. The asset has broken below its ascending channel, indicating a deterioration in medium-term structure. Buyers need to reclaim $2.5K to restore bullish sentiment. On-chain analysis shows a significant drop in network activity, with the Transactions Between EOA metric falling to around 560K, suggesting a lack of strong demand and leaving the $2.2K support as crucial for buyers.